Camil Alimentos SA said its normalized net income for the fiscal fourth quarter ended Feb. 28 came to 5 Brazilian centavos per share, a decline of 32.7% from 7 centavos per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 16.7 million reais, a decrease of 32.7% from 24.8 million reais in the prior-year period.
The normalized profit margin dropped to 1.8% from 2.7% in the year-earlier period.
Total revenue came to 924.6 million reais, compared with 921.2 million reais in the year-earlier period, and total operating expenses grew from the prior-year period to 866.4 million reais from 848.6 million reais.
Reported net income decreased 60.2% from the prior-year period to 9.9 million reais, or 3 centavos per share, from 24.9 million reais, or 7 centavos per share.
For the year, the company's normalized net income totaled 29 centavos per share, a decline of 15.7% from 34 centavos per share in the prior year.
Normalized net income was 97.8 million reais, a decrease of 15.7% from 116.1 million reais in the prior year.
Full-year total revenue rose on an annual basis to 3.68 billion reais from 3.58 billion reais, and total operating expenses grew on an annual basis to 3.39 billion reais from 3.27 billion reais.
The company said reported net income fell 15.5% year over year to 105.0 million reais, or 31 centavos per share, in the full year, from 124.2 million reais, or 37 centavos per share.
As of May 29, US$1 was equivalent to 3.19 reais.