trending Market Intelligence /marketintelligence/en/news-insights/trending/oUIB6qV9WzQcCnDmMnKAqQ2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

KLE Group Q2 loss widens 55.7% YOY

Blog

US utility commissioners: Who they are and how they impact regulation

Video

Climate Credit Analytics: Linking climate scenarios to financial impacts

Blog

Essential Energy Insights, April 2021

Blog

LCD Monthly: LIBOR: A dramedy for our times


KLE Group Q2 loss widens 55.7% YOY

KLE Group Ltd. said its normalized net income for the second quarter amounted to a loss of 8 Jamaican cents per share, compared with a loss of 5 cents 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 J$8.0 million, compared with a loss of J$5.2 million in the year-earlier period.

The normalized profit margin declined to negative 15.5% from negative 9.6% in the year-earlier period.

Total revenue declined year over year to J$51.9 million from J$53.7 million, and total operating expenses climbed from the prior-year period to J$57.3 million from J$55.6 million.

Reported net income came to a loss of J$12.9 million, or a loss of 13 cents per share, compared to a loss of J$8.3 million, or a loss of 8 cents per share, in the year-earlier period.

As of Aug. 19, US$1 was equivalent to J$117.22.