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Hipermarc Q3 profit climbs YOY

Hipermarc S.A. said its normalized net income for the third quarter came to 51 Chilean centavos per share, a gain from 14 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 647.6 million pesos, a gain from 178.3 million pesos in the year-earlier period.

The normalized profit margin increased to 15.5% from 4.4% in the year-earlier period.

Total revenue increased on an annual basis to 4.18 billion pesos from 4.03 billion pesos, and total operating expenses fell 22.0% from the prior-year period to 2.80 billion pesos from 3.59 billion pesos.

Reported net income increased from the prior-year period to 1.13 billion pesos, or 89 centavos per share, from 14.6 million pesos, or 1 centavos per share.

As of Nov. 30, US$1 was equivalent to 673.28 Chilean pesos.