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La Comer profit beats consensusin Q2

La Comer SAB de CV said its second-quarter normalized net income was 52.1 million pesos.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 2.7%.

Total revenue totaled 3.77 billion pesos, and total operating expenses totaled 3.72 billion pesos.

Reported net income totaled 57.8 million pesos, or 5 centavos per share.

As of July 29, US$1 was equivalent to 18.72 Mexican pesos.