trending Market Intelligence /marketintelligence/en/news-insights/trending/LeEVmqcmFjbEUyy1nYll5w2 content esgSubNav
In This List

Teka Tecelagem Kuehnrich Q2 loss widens YOY

Podcast

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

Blog

2022 broadband forecast shifts to market share battle with intense competition

Blog

Expand Your Perspective: Innovation

Blog

Optimism abounds in Indian online video industry


Teka Tecelagem Kuehnrich Q2 loss widens YOY

Teka Tecelagem Kuehnrich S.A. said its normalized net income for the second quarter came to a loss of 45.64 reais per share, compared with a loss of 45.07 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 23.0 million reais, compared with a loss of 22.7 million reais in the year-earlier period.

The normalized profit margin climbed to negative 58.5% from negative 63.8% in the year-earlier period.

Total revenue climbed 10.5% year over year to 39.2 million reais from 35.5 million reais, and total operating expenses declined from the prior-year period to 40.1 million reais from 41.0 million reais.

Reported net income came to a loss of 37.0 million reais, or a loss of 73.63 reais per share, compared to a loss of 36.7 million reais, or a loss of 72.89 reais per share, in the prior-year period.

As of Aug. 12, US$1 was equivalent to 3.16 reais.