trending Market Intelligence /marketintelligence/en/news-insights/trending/YrP6pHrhh8VWhY66_Yo1Iw2 content esgSubNav
In This List

Village Farms International Q3 loss narrows YOY

Podcast

MediaTalk | Season 2
Ep.8 The Masters Returns

Case Study

A Sports League Maximizes Revenue from Media Rights

Blog

Claim it back: Maximizing your tax refund

Case Study

How a Major Bank Expanded Its Online Brokerage with an Innovative Charting Experience


Village Farms International Q3 loss narrows YOY

Village Farms International Inc. said its normalized net income for the third quarter amounted to a loss of 2 cents per share, compared with a loss of 3 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 $806,250, compared with a loss of $1.2 million in the prior-year period.

The normalized profit margin climbed to negative 1.8% from negative 2.9% in the year-earlier period.

Total revenue grew 6.4% on an annual basis to $44.7 million from $42.0 million, and total operating expenses grew on an annual basis to $45.2 million from $43.3 million.

Reported net income came to $400,640, or 1 cents per share, compared to a loss of $1.6 million, or a loss of 4 cents per share, in the year-earlier period.