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Cerveceria San Juan Q1 profit climbs 38.6% YOY

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Cerveceria San Juan Q1 profit climbs 38.6% YOY

Cerveceria San Juan SA said its first-quarter normalized net income amounted to 25 Peruvian céntimos per share, an increase of 38.6% from 18 céntimos per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 24.3 million soles, an increase of 38.6% from 17.6 million soles in the year-earlier period.

The normalized profit margin climbed to 19.4% from 15.5% in the year-earlier period.

Total revenue rose 10.8% year over year to 125.7 million soles from 113.4 million soles, and total operating expenses rose on an annual basis to 86.7 million soles from 84.9 million soles.

Reported net income rose 44.8% from the prior-year period to 27.9 million soles, or 28 céntimos per share, from 19.3 million soles, or 20 céntimos per share.

As of April 30, US$1 was equivalent to 3.13 soles.