trending Market Intelligence /marketintelligence/en/news-insights/trending/sPidwHgsi220jgENa4W_Cw2 content esgSubNav
In This List

Carreras swings to profit in fiscal Q4

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Video

S&P Capital IQ Pro | Powering Your Edge

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud


Carreras swings to profit in fiscal Q4

Carreras Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was 12 Jamaican cents per share, compared with a loss of 14 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was J$595.2 million, compared with a loss of J$684.1 million in the year-earlier period.

The normalized profit margin climbed to 21.9% from negative 30.0% in the year-earlier period.

Total revenue grew 19.2% on an annual basis to J$2.72 billion from J$2.28 billion, and total operating expenses declined 47.7% year over year to J$1.80 billion from J$3.44 billion.

Reported net income rose 15.1% from the prior-year period to J$977.1 million, or 20 cents per share, from J$848.9 million, or 17 cents per share.

For the year, the company's normalized net income totaled 46 cents per share, an increase of 6.7% from 43 cents per share in the prior year.

Normalized net income was J$2.22 billion, a rise of 6.7% from J$2.08 billion in the prior year.

Full-year total revenue rose 8.4% from the prior-year period to J$11.21 billion from J$10.34 billion, and total operating expenses rose 7.9% year over year to J$7.85 billion from J$7.28 billion.

The company said reported net income decreased 26.4% year over year to J$2.94 billion, or 61 cents per share, in the full year, from J$4.00 billion, or 82 cents per share.

As of June 1, US$1 was equivalent to J$115.86.