trending Market Intelligence /marketintelligence/en/news-insights/trending/yA_xEEhX0zsf843Ld-92dA2 content esgSubNav
In This List

Santa Fe Financial fiscal Q2 loss widens YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Santa Fe Financial fiscal Q2 loss widens YOY

Santa Fe Financial Corp. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, was a loss of $1.61 per share, compared with a loss of 57 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $2.0 million, compared with a loss of $707,500 in the prior-year period.

The normalized profit margin dropped to negative 18.5% from negative 5.2% in the year-earlier period.

Total revenue declined 20.4% year over year to $10.8 million from $13.6 million, and total operating expenses totaled $13.0 million, compared with $13.0 million in the prior-year period.

Reported net income totaled a loss of $2.4 million, or a loss of $1.92 per share, compared to a loss of $772,000, or a loss of 62 cents per share, in the prior-year period.