Vida Camara Reports Earnings Results for the First Quarter Ended March 2016
Vida Camara reported earnings results for the first quarter ended March 2016. For the quarter, the company reported operating loss was USD 433,000 against USD 1,486,000 a year ago. Non operating income was USD 147,000 against USD 527,000 a year ago. Loss before taxes was USD 286,000 against USD 959,000 a year ago. Income from continuing operations was USD 347,000 against loss from continuing operations of USD 959,000 a year ago. Profit to Vida Camara was USD 347,000 against loss of USD 953,000 a year ago. The 72.1% reduction in year-on-year non operating result was mostly driven by a decrement in the investment portfolio, as a consequence of the lower stock managed and the inferior valuation results achieved.