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Battistella Q1 loss widens 5.1% YOY

4909948 said its first-quarter normalized net income came to a loss of 1.56 reais per share, compared with a loss of 1.48 reais 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 9.3 million reais, compared with a loss of 8.9 million reais in the prior-year period.

The normalized profit margin dropped to negative 27.5% from negative 12.7% in the year-earlier period.

Total revenue fell 51.7% year over year to 33.8 million reais from 70.0 million reais, and total operating expenses fell 47.4% year over year to 39.4 million reais from 74.9 million reais.

eported net income came to a loss of 12.1 millio Battistella Administração e Participações SA