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Campos Chilenos Q4 loss narrows YOY

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Campos Chilenos Q4 loss narrows YOY

Sociedad de Inversiones Campos Chilenos SA said its fourth-quarter normalized net income amounted to a loss of $820,380, compared with a loss of $1.0 million in the prior-year period.

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

The normalized profit margin climbed to negative 0.7% from negative 0.7% in the year-earlier period.

Total revenue fell 17.6% year over year to $122.9 million from $149.2 million, and total operating expenses fell 17.9% year over year to $122.5 million from $149.2 million.

Reported net income fell 68.6% on an annual basis to $132,000, or 0 cents per share, from $421,000, or 0 cents per share.

For the year, the company's normalized net income totaled $645,250, compared with income of $1.8 million in the prior year.

Full-year total revenue decreased 10.0% on an annual basis to $537.6 million from $597.1 million, and total operating expenses declined 8.3% year over year to $531.2 million from $579.3 million.

The company said reported net income declined 76.1% year over year to $1.1 million, or 0 cents per share, in the full year, from $4.6 million, or 0 cents per share.