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Boldt fiscal Q1 profit falls YOY

Boldt SA said its normalized net income for the fiscal first quarter ended Jan. 31 was 4 Argentine centavos per share, a decline of 56.1% from 8 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 45.9 million pesos, a decline of 56.0% from 104.3 million pesos in the prior-year period.

The normalized profit margin declined to 27.4% from 81.0% in the year-earlier period.

Total revenue grew 30.1% year over year to 167.5 million pesos from 128.7 million pesos, and total operating expenses rose 42.3% year over year to 122.0 million pesos from 85.7 million pesos.

Reported net income decreased 55.2% from the prior-year period to 54.2 million pesos, or 4 centavos per share, from 121.0 million pesos, or 10 centavos per share.

As of March 14, US$1 was equivalent to 14.92 Argentine pesos.