Cambuci SA said its first-quarter normalized net income was 47 Brazilian centavos per share, a gain from 12 centavos 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 reais, a gain from 465,500 reais in the year-earlier period.
The normalized profit margin increased to 1.3% from 0.7% in the year-earlier period.
Total revenue grew 17.6% year over year to 76.8 million reais from 65.3 million reais, and total operating expenses increased 7.5% on an annual basis to 63.0 million reais from 58.6 million reais.
Reported net income rose on an annual basis to 2.6 million reais, or 68 centavos per share, from 695,000 reais, or 18 centavos per share.
As of May 15, US$1 was equivalent to 2.98 reais.
