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Seprod posts Q4 loss

Seprod Ltd said its fourth-quarter normalized net income amounted to a loss of J$187.2 million.

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

The normalized profit margin was 4.0%.

Total revenue totaled J$4.69 billion, and total operating expenses came to J$4.76 billion.

Reported net income came to J$13.5 million, or 3 cents per share.

For the year, the company's normalized net income totaled J$1.41 per share, an increase of 46.2% from 97 cents per share in the prior year.

Normalized net income was J$730.5 million, an increase of 46.2% from J$499.8 million in the prior year.

Full-year total revenue increased 14.5% year over year to J$15.78 billion from J$13.78 billion, and total operating expenses rose 11.8% year over year to J$15.24 billion from J$13.64 billion.

The company said reported net income increased 78.5% on an annual basis to J$1.09 billion, or J$2.11 per share, in the full year, from J$611.8 million, or J$1.18 per share.

As of April 4, US$1 was equivalent to J$128.14.