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Hortifrut swings to profit in Q3


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Hortifrut swings to profit in Q3

4912716 said its third-quarter normalized net income was $356,130, compared with a loss of $1.5 million in the year-earlier period.

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

The normalized profit margin climbed to 0.9% from negative 8.6% in the year-earlier period.

otal revenue increased year over year to $37.8 million from $17.7 million, and total operating expenses increased 81.9% year over year to $39.3 mil Hortifrut SA.