trending Market Intelligence /marketintelligence/en/news-insights/trending/nVT80-fQZGBM5lINlJ93LA2 content esgSubNav
In This List

Multiexport Foods Q3 loss narrows YOY

Podcast

Next in Tech | Episode 66: Connected vehicles in transition

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


Multiexport Foods Q3 loss narrows YOY

Multiexport Foods SA said its third-quarter normalized net income amounted to a loss of $441,880, compared with a loss of $2.7 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to negative 0.4% from negative 3.4% in the year-earlier period.

Total revenue increased 32.2% year over year to $107.8 million from $81.5 million, and total operating expenses climbed 16.6% year over year to $101.3 million from $86.9 million.

Reported net income came to $11.2 million, or 1 cents per share, compared to a loss of $8.8 million, or a loss of 1 cents per share, in the year-earlier period.