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Infodema Q4 loss narrows YOY

Infodema S.A. said its normalized net income for the fourth quarter came to a loss of 23 Chilean centavos per share, compared with a loss of 30 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 209.6 million pesos, compared with a loss of 272.1 million pesos in the year-earlier period.

The normalized profit margin dropped to negative 12.7% from negative 6.0% in the year-earlier period.

Total revenue declined 39.0% on an annual basis to 2.74 billion pesos from 4.50 billion pesos, and total operating expenses declined 39.1% year over year to 2.92 billion pesos from 4.79 billion pesos.

Reported net income totaled a loss of 212.5 million pesos, or a loss of 24 centavos per share, compared to income of 1.03 billion pesos, or 1.15 pesos per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 1 centavos per share, compared with a loss of 1.20 pesos per share in the prior year.

Normalized net income was a loss of 12.5 million pesos, compared with a loss of 1.08 billion pesos in the prior year.

Full-year total revenue rose year over year to 16.80 billion pesos from 16.01 billion pesos, and total operating expenses decreased on an annual basis to 16.32 billion pesos from 17.11 billion pesos.

The company said reported net income fell 53.4% on an annual basis to 361.6 million pesos, or 40 centavos per share, in the full year, from 776.1 million pesos, or 86 centavos per share.

As of March 24, US$1 was equivalent to 683.51 Chilean pesos.