Laive SA said its first-quarter normalized net income was 2 Peruvian céntimos per share, a decline of 45.4% from 4 céntimos per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.8 million soles, a decline of 45.4% from 3.3 million soles in the year-earlier period.
The normalized profit margin fell to 1.5% from 2.9% in the year-earlier period.
Total revenue increased year over year to 116.6 million soles from 112.2 million soles, and total operating expenses grew 5.5% from the prior-year period to 111.5 million soles from 105.7 million soles.
Reported net income decreased 39.5% on an annual basis to 2.2 million soles, or 3 céntimos per share, from 3.6 million soles, or 5 céntimos per share.
As of April 30, US$1 was equivalent to 3.13 soles.
