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Frutí­cola Viconto Q1 loss narrows YOY

Frutícola Viconto SA said its first-quarter normalized net income amounted to a loss of $686,880, compared with a loss of $736,250 in the prior-year period.

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

The normalized profit margin climbed to negative 71.6% from negative 79.7% in the year-earlier period.

Total revenue rose on an annual basis to $959,000 from $924,000, and total operating expenses grew 5.0% from the prior-year period to $1.0 million from $989,000.

Reported net income came to a loss of $1.1 million, or a loss of 0 cents per share, compared to a loss of $1.1 million, or a loss of 0 cents per share, in the year-earlier period.