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IMC SA Q3 loss narrows YOY

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IMC SA Q3 loss narrows YOY

4916839 said its third-quarter normalized net income amounted to a loss of 3 cents per share, compared with a loss of 15 cents 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 $889,250, compared with a loss of $4.6 million in the prior-year period.

The normalized profit margin increased to negative 4.7% from negative 17.3% in the year-earlier period.

otal revenue fell on an annual basis to $25.9 million from $26.3 million, and total operating expenses fell 24.4% on an annual basis to $22.2 million from $29.3 million. IMC SA