Empresa Pesquera Eperva SA said its third-quarter normalized net income amounted to a loss of $2.2 million, compared with income of $2.3 million in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin declined to negative 1.6% from 1.2% in the year-earlier period.
Total revenue fell 27.5% on an annual basis to $139.7 million from $192.6 million, and total operating expenses fell 38.4% from the prior-year period to $112.5 million from $182.5 million.
Reported net income came to a loss of $11.3 million, or a loss of 4 cents per share, compared to a loss of $4.6 million, or a loss of 2 cents per share, in the prior-year period.