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Bombril Q4 loss widens YOY

Bombril SA said its normalized net income for the fourth quarter amounted to a loss of 1.13 reais per share, compared with a loss of 22 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 61.2 million reais, compared with a loss of 12.1 million reais in the prior-year period.

The normalized profit margin dropped to negative 24.7% from negative 4.4% in the year-earlier period.

Total revenue declined 9.4% year over year to 247.5 million reais from 273.3 million reais, and total operating expenses climbed 34.6% on an annual basis to 319.1 million reais from 237.0 million reais.

Reported net income came to a loss of 137.7 million reais, or a loss of 2.55 reais per share, compared to a loss of 20.3 million reais, or a loss of 37 centavos per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of 4.67 reais per share, compared with a loss of 66 centavos per share in the prior year.

Normalized net income was a loss of 252.2 million reais, compared with a loss of 35.6 million reais in the prior year.

Full-year total revenue fell 5.3% from the prior-year period to 1.09 billion reais from 1.15 billion reais, and total operating expenses grew 11.0% on an annual basis to 1.20 billion reais from 1.08 billion reais.

The company said reported net income came to a loss of 376.9 million reais, or a loss of 6.97 reais per share, in the full year, compared with a loss of 57.5 million reais, or a loss of 1.06 reais per share, the prior year.

As of March 30, US$1 was equivalent to 3.60 reais.