trending Market Intelligence /marketintelligence/en/news-insights/trending/9iuBQeWvkzDM7Zs498anKg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Technos swings to loss in Q1


ESG hits the mainstream for European private equity sponsors


What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals


Banking Essentials Newsletter - February Edition, Part 2


Episode 1: Origins of 451 Research - Part 1

Technos swings to loss in Q1

Technos S.A. said its first-quarter normalized net income was a loss of 11 Brazilian centavos per share, compared with 2 centavos per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 8.4 million reais, compared with income of 1.8 million reais in the prior-year period.

The normalized profit margin fell to negative 11.6% from 2.5% in the year-earlier period.

Total revenue declined year over year to 72.2 million reais from 74.2 million reais, and total operating expenses climbed 10.1% year over year to 81.1 million reais from 73.6 million reais.

Reported net income totaled a loss of 12.2 million reais, or a loss of 16 centavos per share, compared to income of 1.5 million reais, or 2 centavos per share, in the year-earlier period.

As of April 29, US$1 was equivalent to 3.45 reais.