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Sweet River swings to loss in fiscal Q2

4910578 said its normalized net income for the fiscal second quarter ended Sept. 30 came to a loss of 1 Jamaican cents per share, compared with 10 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of J$1.3 million, compared with income of J$5.0 million in the year-earlier period.

The normalized profit margin fell to negative 8.7% from 6.2% in the year-earlier period.

Total revenue decreased 81.6% on an annual basis to J$14.9 million from J$80.9 million, and total operating expenses decreased 77.0% from the prior-year period to J$16.8 million from J$72.9 million.

eported net income totaled a loss of J$2.1 milli Sweet River Abattoir & Supplies Co. Ltd.