trending Market Intelligence /marketintelligence/en/news-insights/trending/tKcWU20IOBV4Q354UVOd9A2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Hotéis Othon swings to profit in Q3


Q&A: Navigating Climate Risk as a Financial Risk


Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain


Fintech Intelligence Newsletter: February 2021


Episode 5: The Future of Work - The World of Workforce Experience and Productivity

Hotéis Othon swings to profit in Q3

Hotéis Othon S.A. said its third-quarter normalized net income amounted to 17 Brazilian centavos per share, compared with a loss of 19 centavos per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.2 million reais, compared with a loss of 3.5 million reais in the year-earlier period.

The normalized profit margin climbed to 7.1% from negative 10.0% in the year-earlier period.

Total revenue rose 29.9% year over year to 45.3 million reais from 34.9 million reais, and total operating expenses declined on an annual basis to 32.4 million reais from 33.3 million reais.

Reported net income came to 4.2 million reais, or 23 centavos per share, compared to a loss of 4.8 million reais, or a loss of 26 centavos per share, in the year-earlier period.

As of Nov. 11, US$1 was equivalent to 3.49 reais.