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B2W Q4 profit falls YOY

B2W - Companhia Digital said its fourth-quarter normalized net income came to 64,750 reais, a decrease of 98.8% from 5.3 million reais in the prior-year period.

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

The normalized profit margin fell to negative 0.4% from 0.2% in the year-earlier period.

Total revenue increased 5.9% year over year to 2.91 billion reais from 2.75 billion reais, and total operating expenses grew year over year to 2.64 billion reais from 2.60 billion reais.

Reported net income came to a loss of 161.0 million reais, or a loss of 63 centavos per share, compared to income of 20.9 million reais, or 8 centavos per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of 94 centavos per share, compared with the S&P Capital IQ consensus normalized EPS estimate of a loss of 80 centavos.

EPS was a loss of 80 centavos in the prior year.

Normalized net income was a loss of 241.1 million reais, compared with a loss of 171.1 million reais in the prior year.

Full-year total revenue increased 13.2% on an annual basis to 9.01 billion reais from 7.96 billion reais, and total operating expenses grew 13.1% on an annual basis to 8.58 billion reais from 7.59 billion reais.

The company said reported net income totaled a loss of 418.4 million reais, or a loss of 1.63 reais per share, in the full year, compared with a loss of 163.3 million reais, or a loss of 76 centavos per share, the prior year.

As of March 11, US$1 was equivalent to 3.61 reais.