Servicios Corporativos Javer SAB de CV said its first-quarter normalized net income amounted to 39.4 million pesos, compared with income of 28.2 million pesos in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin declined to negative 2.5% from 2.1% in the year-earlier period.
Total revenue grew 14.0% year over year to 1.56 billion pesos from 1.37 billion pesos, and total operating expenses increased 13.7% on an annual basis to 1.37 billion pesos from 1.21 billion pesos.
Reported net income came to a loss of 99.3 million pesos, compared with a loss of 20.5 million pesos in the year-earlier period.
As of April 9, US$1 was equivalent to 15.09 Mexican pesos.
