trending Market Intelligence /marketintelligence/en/news-insights/trending/y0QInAPYcmfJ_UdQ6rU5LA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Pettenati swings to profit in fiscal Q1

Industry Top Trends 2021: Metals and Mining

TMT News & Research: 2020 Recap


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

The Evolution Of ESG Factors In Credit Risk Assessment: Corporate Governance

Pettenati swings to profit in fiscal Q1

Pettenati SA - Indústria Têxtil said its normalized net income for the fiscal first quarter ended Sept. 30 came to 4 Brazilian centavos per share, compared with a loss of 2 centavos per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.8 million reais, compared with a loss of 1.1 million reais in the year-earlier period.

The normalized profit margin climbed to 1.4% from negative 1.2% in the year-earlier period.

Total revenue climbed 38.4% on an annual basis to 127.0 million reais from 91.7 million reais, and total operating expenses grew 29.3% from the prior-year period to 117.9 million reais from 91.2 million reais.

Reported net income totaled 3.7 million reais, or 8 centavos per share, compared to a loss of 486,290 reais, or a loss of 1 centavos per share, in the prior-year period.

As of Nov. 13, US$1 was equivalent to 3.82 reais.