Empresas Iansa SA said its first-quarter normalized net income came to $2.1 million, an increase of 10.7% from $1.9 million in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin increased to 1.6% from 1.4% in the year-earlier period.
Total revenue declined year over year to $127.7 million from $133.8 million, and total operating expenses decreased 5.5% from the prior-year period to $122.9 million from $130.2 million.
Reported net income came to $2.8 million, or 0 cents per share, compared to $2.8 million, or 0 cents per share, in the prior-year period.
