Empresa Agroindustrial Cayaltí SAA said its second-quarter normalized net income amounted to a loss of 1.2 million soles, compared with a loss of 3.8 million soles in the prior-year period.

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

The normalized profit margin increased to negative 33.0% from negative 127.0% in the year-earlier period.

Total revenue increased 7.6% on an annual basis to 3.2 million soles from 3.0 million soles, and total operating expenses declined 11.6% on an annual basis to 4.2 million soles from 4.8 million soles.

Reported net income came to a loss of 1.7 million soles, or a loss of 7 céntimos per share, compared to a loss of 6.0 million soles in the year-earlier period.

As of July 30, US$1 was equivalent to 3.18 soles.