Minupar Participações S/A said its first-quarter normalized net income amounted to a loss of 12 Brazilian centavos per share, compared with a loss of 1.36 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 844,630 reais, compared with a loss of 9.7 million reais in the year-earlier period.
The normalized profit margin climbed to negative 1.8% from negative 20.5% in the year-earlier period.
Total revenue came to 47.5 million reais, compared with 47.3 million reais in the year-earlier period, and total operating expenses declined 7.2% on an annual basis to 41.8 million reais from 45.1 million reais.
Reported net income totaled a loss of 1.4 million reais, or a loss of 19 centavos per share, compared to a loss of 15.4 million reais, or a loss of 2.17 reais per share, in the prior-year period.
As of May 14, US$1 was equivalent to 3.01 reais.
