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International Meal Alimentaçí£o swings to loss in Q3

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International Meal Alimentaçí£o swings to loss in Q3

4911876 said its normalized net income for the third quarter came to a loss of 6.5 million reais, compared with income of 504,380 reais in the year-earlier period.

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

The normalized profit margin fell to negative 1.6% from 0.6% in the year-earlier period.

Total revenue rose on an annual basis to 532.1 million reais from 89.4 million reais, and total operating expenses increased year over year to 523.1 million reais from 85.4 million reais.

Reported net income totaled a loss of 11.3 million reais, or a loss of 13 centavos per share, compared to income of 1.4 million reais, or 2 centavos per share, in the year-earlier period.

s of Nov. 11, US$1 was equivalent to 3.76 reais.International Meal Co. Alimentação SA

4911876 said its normalized net income for the third quarter came to a loss of 6.5 million reais, compared with income of 504,380 reais in the year-earlier period.