trending Market Intelligence /marketintelligence/en/news-insights/trending/ZT5oy1WRLGBMOpLxZ_HhBQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Invermar swings to profit in Q2

Blog

M&A rebound sparks optimism for near-term deal activity

Blog

Fintech Intelligence Newsletter: February 2021

Blog

Q&A: Navigating Climate Risk as a Financial Risk

Blog

Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain


Invermar swings to profit in Q2

Invermar S.A. said its second-quarter normalized net income was $644,380, compared with a loss of $6.4 million in the prior-year period.

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

The normalized profit margin increased to negative 1.3% from negative 55.9% in the year-earlier period.

Total revenue increased year over year to $38.3 million from $11.5 million, and total operating expenses grew year over year to $36.6 million from $17.8 million.

Reported net income decreased 83.7% from the prior-year period to $684,000, or 0 cents per share, from $4.2 million, or 1 cents per share.