trending Market Intelligence /marketintelligence/en/news-insights/trending/ifrf3H_Nzi45h7Am_ZkKDQ2 content esgSubNav
In This List

Forus Q3 profit climbs YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Forus Q3 profit climbs YOY

Forus S.A. said its normalized net income for the third quarter was 20.46 Chilean pesos per share, a gain from 19.81 pesos per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 5.29 billion pesos, an increase from 5.12 billion pesos in the year-earlier period.

The normalized profit margin fell to 9.3% from 9.5% in the year-earlier period.

Total revenue totaled 54.26 billion pesos, compared with 53.88 billion pesos in the year-earlier period, and total operating expenses climbed from the prior-year period to 48.13 billion pesos from 47.05 billion pesos.

Reported net income increased year over year to 6.56 billion pesos, or 25.37 pesos per share, from 6.40 billion pesos, or 24.78 pesos per share.

As of Nov. 18, US$1 was equivalent to 714.55 Chilean pesos.