Döhler SA said its first-quarter normalized net income was 15 Brazilian centavos per share, a decrease of 7.7% from 16 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 8.9 million reais, a decrease of 7.7% from 9.7 million reais in the year-earlier period.
The normalized profit margin fell to 9.0% from 10.1% in the year-earlier period.
Total revenue rose year over year to 98.3 million reais from 96.0 million reais, and total operating expenses grew 6.7% year over year to 87.5 million reais from 82.0 million reais.
Reported net income came to 11.9 million reais, or 20 centavos per share, compared to 12.0 million reais, or 20 centavos per share, in the year-earlier period.
As of May 15, US$1 was equivalent to 2.98 reais.