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Bombril Q3 loss widens YOY

Bombril SA said its normalized net income for the third quarter came to a loss of 1.96 reais per share, compared with a loss of 68 centavos per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 106.1 million reais, compared with a loss of 36.6 million reais in the year-earlier period.

The normalized profit margin fell to negative 36.3% from negative 11.4% in the year-earlier period.

Total revenue declined 8.7% year over year to 292.3 million reais from 320.2 million reais, and total operating expenses totaled 307.2 million reais, compared with 307.0 million reais in the year-earlier period.

Reported net income came to a loss of 149.7 million reais, or a loss of 2.77 reais per share, compared to a loss of 50.2 million reais, or a loss of 93 centavos per share, in the year-earlier period.

As of Nov. 13, US$1 was equivalent to 3.82 reais.