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Enjoy SA swings to loss in Q2

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According to Market Intelligence, February 2023

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Enjoy SA swings to loss in Q2

Enjoy SA said its normalized net income for the second quarter was a loss of 40 Chilean centavos per share, compared with 66 centavos per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 941.5 million pesos, compared with income of 1.47 billion pesos in the year-earlier period.

The normalized profit margin dropped to negative 1.9% from 3.2% in the year-earlier period.

Total revenue grew 12.1% year over year to 50.57 billion pesos from 45.12 billion pesos, and total operating expenses grew 19.3% year over year to 46.31 billion pesos from 38.81 billion pesos.

Reported net income totaled a loss of 1.18 billion pesos, or a loss of 50 centavos per share, compared to income of 1.80 billion pesos, or 81 centavos per share, in the year-earlier period.

As of July 22, US$1 was equivalent to 652.50 Chilean pesos.