trending Market Intelligence /marketintelligence/en/news-insights/trending/gw24WZb-SSywONcOK_zo0A2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Wetzel full-year loss widens 15.1% YOY

Gender Parity within German Banks

Blog

Deal Trends in Latin America, Issue 13

Video

Capital Markets View April 2021

Fintech Intelligence Digital Newsletter: April 2021


Wetzel full-year loss widens 15.1% YOY

Wetzel S.A. said its normalized net income for the full year amounted to a loss of 18.38 reais per share, compared with a loss of 15.97 reais 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 37.8 million reais, compared with a loss of 32.9 million reais in the prior-year period.

The normalized profit margin dropped to negative 24.9% from negative 16.8% in the year-earlier period.

Total revenue declined 22.5% on an annual basis to 151.7 million reais from 195.7 million reais, and total operating expenses decreased 19.2% from the prior-year period to 189.5 million reais from 234.5 million reais.

Reported net income came to a loss of 68.8 million reais, or a loss of 33.44 reais per share, compared to a loss of 41.2 million reais, or a loss of 20.01 reais per share, in the prior-year period.

As of April 15, US$1 was equivalent to 3.53 reais.