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Karsten Q2 loss widens YOY

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Karsten Q2 loss widens YOY

4912532 said its second-quarter normalized net income amounted to a loss of 3.17 reais per share, compared with a loss of 96 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 a loss of 19.7 million reais, compared with a loss of 6.0 million reais in the year-earlier period.

The normalized profit margin declined to negative 27.2% from negative 8.6% in the year-earlier period.

Total revenue climbed year over year to 72.3 million reais from 69.7 million reais, and total operating expenses rose 15.0% on an annual basis to 76.0 million reais from 66.1 million reais.

eported net income came to a loss of 31.4 milli Karsten SA.