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Unicasa Indústria de Mí³veis Q3 profit climbs 61.9% YOY

Unicasa Indústria de Móveis SA said its third-quarter normalized net income came to 3 Brazilian centavos per share, a gain of 86.2% from 2 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 2.2 million reais, an increase of 61.9% from 1.3 million reais in the year-earlier period.

The normalized profit margin climbed to 3.9% from 2.1% in the year-earlier period.

Total revenue fell 12.7% on an annual basis to 55.8 million reais from 63.8 million reais, and total operating expenses decreased 13.8% from the prior-year period to 54.7 million reais from 63.4 million reais.

Reported net income grew 24.5% on an annual basis to 2.9 million reais, or 4 centavos per share, from 2.3 million reais, or 3 centavos per share.

As of Nov. 12, US$1 was equivalent to 3.79 reais.