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Enjoy SA swings to profit in Q4

Enjoy SA said its fourth-quarter normalized net income was 94 Chilean centavos per share, compared with a loss of 74 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 2.22 billion pesos, compared with a loss of 1.76 billion pesos in the prior-year period.

The normalized profit margin rose to 3.1% from negative 2.7% in the year-earlier period.

Total revenue climbed 8.3% year over year to 70.98 billion pesos from 65.56 billion pesos, and total operating expenses increased year over year to 61.47 billion pesos from 59.66 billion pesos.

Reported net income totaled a loss of 41.36 billion pesos, or a loss of 17.54 pesos per share, compared to income of 4.58 billion pesos, or 1.94 pesos per share, in the prior-year period.

For the year, the company's normalized net income totaled 58 centavos per share, a decrease of 26.4% from 79 centavos per share in the prior year.

Normalized net income was 1.38 billion pesos, a decrease of 26.6% from 1.87 billion pesos in the prior year.

Full-year total revenue rose 17.3% year over year to 273.56 billion pesos from 233.24 billion pesos, and total operating expenses rose 17.3% on an annual basis to 247.90 billion pesos from 211.30 billion pesos.

The company said reported net income came to a loss of 40.12 billion pesos, or a loss of 17.02 pesos per share, in the full year, compared with income of 6.00 billion pesos, or 2.54 pesos per share, the prior year.

As of March 10, US$1 was equivalent to 662.82 Chilean pesos.