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Agro Industrial Paramonga Q3 profit climbs YOY

Agro Industrial Paramonga S.A.A. said its third-quarter normalized net income was 4.3 million soles, a rise from 60,630 soles in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 4.7% from 0.1% in the year-earlier period.

Total revenue rose 38.5% year over year to 78.1 million soles from 56.4 million soles, and total operating expenses increased 22.3% from the prior-year period to 61.4 million soles from 50.2 million soles.

Reported net income totaled 4.8 million soles, or 16 céntimos per share, compared to a loss of 1.0 million soles, or a loss of 4 céntimos per share, in the prior-year period.

As of Nov. 11, US$1 was equivalent to 3.32 soles.