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Frutí­cola Viconto swings to loss in Q3

Frutícola Viconto S.A. said its third-quarter normalized net income was a loss of $269,380, compared with income of $405,630 in the prior-year period.

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

The normalized profit margin increased to 39.2% from 20.7% in the year-earlier period.

Total revenue fell 48.6% on an annual basis to $1.0 million from $2.0 million, and total operating expenses climbed on an annual basis to $1.3 million from $384,000.

Reported net income came to a loss of $203,000, or a loss of 0 cents per share, compared to income of $391,000, or 0 cents per share, in the prior-year period.