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Inversora Juramento fiscal Q3 loss narrows YOY

Inversora Juramento SA said its normalized net income for the fiscal third quarter ended June 30 was a loss of 759,690 pesos, compared with a loss of 18.0 million pesos in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to negative 0.3% from negative 5.0% in the year-earlier period.

Total revenue decreased 23.8% year over year to 271.7 million pesos from 356.7 million pesos, and total operating expenses decreased 29.0% year over year to 251.8 million pesos from 354.7 million pesos.

Reported net income totaled a loss of 993,410 pesos, or a loss of 0 centavos per share, compared to a loss of 19.1 million pesos, or a loss of 5 centavos per share, in the year-earlier period.

As of Aug. 11, US$1 was equivalent to 9.23 Argentine pesos.