Trisul SA said its first-quarter normalized net income amounted to 2 Brazilian centavos per share, a decline of 7.6% from 2 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 1.4 million reais, a decline of 12.8% from 1.6 million reais in the prior-year period.
The normalized profit margin fell to 1.8% from 1.9% in the year-earlier period.
Total revenue declined 6.7% year over year to 78.1 million reais from 83.7 million reais, and total operating expenses grew year over year to 77.3 million reais from 76.0 million reais.
Reported net income decreased 62.4% year over year to 856,860 reais, or 1 centavos per share, from 2.3 million reais, or 3 centavos per share.
As of May 13, US$1 was equivalent to 3.51 reais.