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Infodema Q4 loss widens YOY

Infodema S.A. said its fourth-quarter normalized net income amounted to a loss of 1.20 Chilean pesos per share, compared with a loss of 40 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 a loss of 1.08 billion pesos, compared with a loss of 356.6 million pesos in the prior-year period.

The normalized profit margin dropped to negative 36.9% from negative 12.7% in the year-earlier period.

Total revenue rose on an annual basis to 2.91 billion pesos from 2.81 billion pesos, and total operating expenses climbed 33.5% year over year to 4.13 billion pesos from 3.09 billion pesos.

Reported net income came to a loss of 1.17 billion pesos, or a loss of 1.30 pesos per share, compared to a loss of 380.6 million pesos, or a loss of 42 centavos per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of 1.99 pesos per share, compared with a loss of 13 centavos per share in the prior year.

Normalized net income was a loss of 1.79 billion pesos, compared with a loss of 116.9 million pesos in the prior year.

Full-year total revenue declined year over year to 16.59 billion pesos from 16.80 billion pesos, and total operating expenses increased 14.1% year over year to 18.88 billion pesos from 16.54 billion pesos.

The company said reported net income came to a loss of 1.92 billion pesos, or a loss of 2.13 pesos per share, in the full year, compared with income of 193.4 million pesos, or 22 centavos per share, the prior year.

As of April 10, US$1 was equivalent to 654.20 Chilean pesos.