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Trisul Q3 profit climbs YOY

Trisul SA said its third-quarter normalized net income came to 7 Brazilian centavos per share, a gain from 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 5.4 million reais, an increase from 1.8 million reais in the year-earlier period.

The normalized profit margin climbed to 4.5% from 2.0% in the year-earlier period.

Total revenue rose 35.7% year over year to 120.1 million reais from 88.5 million reais, and total operating expenses increased 43.9% year over year to 109.5 million reais from 76.1 million reais.

Reported net income increased 54.6% on an annual basis to 6.9 million reais, or 9 centavos per share, from 4.4 million reais, or 6 centavos per share.

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