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Enjoy SA swings to profit in Q4

Enjoy SA said its fourth-quarter normalized net income came to 69 Chilean centavos per share, compared with a loss of 15 centavos per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.64 billion pesos, compared with a loss of 364.0 million pesos in the prior-year period.

The normalized profit margin fell to negative 2.7% from negative 0.6% in the year-earlier period.

Total revenue grew 12.7% year over year to 65.56 billion pesos from 58.18 billion pesos, and total operating expenses climbed on an annual basis to 54.22 billion pesos from 52.04 billion pesos.

Reported net income came to 4.58 billion pesos, or 1.94 pesos per share, compared to a loss of 705.1 million pesos, or a loss of 30 centavos per share, in the prior-year period.

For the year, the company's normalized net income totaled 1.80 pesos per share, a gain of 36.9% from 1.31 pesos per share in the prior year.

Normalized net income was 4.25 billion pesos, a gain of 42.6% from 2.98 billion pesos in the prior year.

Full-year total revenue grew 8.7% on an annual basis to 233.24 billion pesos from 214.63 billion pesos, and total operating expenses rose 10.3% on an annual basis to 207.50 billion pesos from 188.14 billion pesos.

The company said reported net income grew 80.0% on an annual basis to 6.00 billion pesos, or 2.54 pesos per share, in the full year, from 3.33 billion pesos, or 1.47 pesos per share.

As of March 30, US$1 was equivalent to 680.11 Chilean pesos.