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Le Chí¢teau fiscal Q3 loss widens 20.4% YOY

Le Château Inc. said its normalized net income for the fiscal third quarter ended Oct. 31 came to a loss of 25 Canadian cents per share, compared with a loss of 21 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of C$7.6 million, compared with a loss of C$6.3 million in the year-earlier period.

The normalized profit margin fell to negative 13.2% from negative 10.8% in the year-earlier period.

Total revenue totaled C$57.6 million, compared with C$58.1 million in the year-earlier period, and total operating expenses grew from the prior-year period to C$68.7 million from C$67.5 million.

Reported net income totaled a loss of C$12.6 million, or a loss of 42 cents per share, compared to a loss of C$11.1 million, or a loss of 37 cents per share, in the prior-year period.