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InRetail Perú profit beats consensus by 15.8% in Q3

InRetail Perú Corp. said its third-quarter normalized net income was 21 Peruvian céntimos per share, compared with the S&P Capital IQ consensus estimate of 18 céntimos per share.

EPS climbed year over year from 6 céntimos.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 21.8 million soles, an increase from 6.4 million soles in the prior-year period.

The normalized profit margin climbed to 1.3% from 0.4% in the year-earlier period.

Total revenue increased 8.4% on an annual basis to 1.67 billion soles from 1.54 billion soles, and total operating expenses increased 8.5% on an annual basis to 1.54 billion soles from 1.42 billion soles.

Reported net income grew on an annual basis to 19.3 million soles, or 19 céntimos per share, from 1.7 million soles, or 2 céntimos per share.

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