trending Market Intelligence /marketintelligence/en/news-insights/trending/dddQ1gP5mEwAWB9-70Vw5A2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Wetzel Q3 loss narrows YOY


So, the data lakehouse is now officially a ‘thing’ – what is it and why should you care?


Industry Top Trends 2021: Oil and Gas


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

Industry Top Trends 2021: Metals and Mining

Wetzel Q3 loss narrows YOY

Wetzel S.A. said its third-quarter normalized net income came to a loss of 1.73 reais per share, compared with a loss of 3.61 reais per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 3.6 million reais, compared with a loss of 7.4 million reais in the year-earlier period.

The normalized profit margin increased to negative 11.2% from negative 17.9% in the year-earlier period.

Total revenue declined 23.5% on an annual basis to 31.8 million reais from 41.6 million reais, and total operating expenses decreased 29.1% from the prior-year period to 33.1 million reais from 46.7 million reais.

Reported net income totaled a loss of 6.4 million reais, or a loss of 3.11 reais per share, compared to a loss of 12.4 million reais, or a loss of 6.03 reais per share, in the year-earlier period.

As of Nov. 11, US$1 was equivalent to 3.49 reais.