trending Market Intelligence /marketintelligence/en/news-insights/trending/b6ydEEA8-9UarLnF7WYlOg2 content esgSubNav
In This List

Swift Foods Q1 loss widens 43.5% YOY


Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors


Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Case Study

Honing Sustainable Investing Strategies with Robust Environmental Data


Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Swift Foods Q1 loss widens 43.5% YOY

Swift Foods Inc. said its normalized net income for the first quarter was a loss of 768,750 pesos, compared with a loss of 535,630 pesos in the year-earlier period.

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

The normalized profit margin dropped to negative 6.8% from negative 4.9% in the year-earlier period.

Total revenue grew year over year to 11.4 million pesos from 10.9 million pesos, and total operating expenses climbed 7.6% year over year to 12.7 million pesos from 11.8 million pesos.

Reported net income totaled a loss of 1.2 million pesos, or a loss of 0 centavos per share, compared to a loss of 857,000 pesos, or a loss of 0 centavos per share, in the prior-year period.

As of May 16, US$1 was equivalent to 46.47 Philippine pesos.