trending Market Intelligence /marketintelligence/en/news-insights/trending/vFjZibRiB-iPWjBHzqK3eg2 content esgSubNav
In This List

Marisa Lojas Q1 loss widens 61.0% YOY

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow


Marisa Lojas Q1 loss widens 61.0% YOY

Marisa Lojas S.A. said its first-quarter normalized net income amounted to a loss of 6 Brazilian centavos per share, compared with the S&P Capital IQ consensus estimate of a loss of 11 centavos per share.

The per-share loss increased 61.0% year over year from 4 centavos.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 12.0 million reais, compared with a loss of 7.5 million reais in the prior-year period.

The normalized profit margin dropped to negative 2.0% from negative 1.1% in the year-earlier period.

Total revenue declined 10.5% on an annual basis to 608.5 million reais from 679.9 million reais, and total operating expenses fell 10.2% on an annual basis to 592.6 million reais from 660.0 million reais.

Reported net income came to a loss of 17.2 million reais, or a loss of 8 centavos per share, compared to a loss of 5.3 million reais, or a loss of 3 centavos per share, in the year-earlier period.

As of May 2, US$1 was equivalent to 3.50 reais.