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Sanluis Q1 profit climbs 34.1% YOY

Sanluis Corp. SA de CV said its first-quarter normalized net income amounted to 82 Mexican centavos per share, an increase of 34.1% from 61 centavos per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 203.3 million pesos, an increase of 34.1% from 151.7 million pesos in the prior-year period.

The normalized profit margin rose to 6.3% from 5.1% in the year-earlier period.

Total revenue increased 6.9% on an annual basis to 3.21 billion pesos from 3.00 billion pesos, and total operating expenses climbed 5.9% year over year to 2.85 billion pesos from 2.69 billion pesos.

Reported net income grew 41.9% on an annual basis to 243.7 million pesos, or 98 centavos per share, from 171.7 million pesos, or 69 centavos per share.

As of April 24, US$1 was equivalent to 15.38 Mexican pesos.