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Viñedos Emiliana Q1 profit falls YOY

Viñedos Emiliana SA said its normalized net income for the first quarter came to 53 Chilean centavos per share, a decline of 5.9% from 56 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 337.7 million pesos, a decline of 5.9% from 359.0 million pesos in the year-earlier period.

The normalized profit margin dropped to 6.3% from 7.2% in the year-earlier period.

Total revenue grew 8.3% on an annual basis to 5.39 billion pesos from 4.98 billion pesos, and total operating expenses rose 12.4% year over year to 4.70 billion pesos from 4.18 billion pesos.

Reported net income declined 27.3% year over year to 341.3 million pesos, or 54 centavos per share, from 469.3 million pesos, or 74 centavos per share.

As of May 26, US$1 was equivalent to 613.00 Chilean pesos.