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Whirlpool Q2 profit climbs 39.2% YOY

Whirlpool SA said its second-quarter normalized net income came to 10 Brazilian centavos per share, a gain of 39.2% from 7 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 149.9 million reais, an increase of 39.2% from 107.7 million reais in the year-earlier period.

The normalized profit margin climbed to 6.8% from 5.2% in the year-earlier period.

Total revenue climbed 7.1% on an annual basis to 2.21 billion reais from 2.07 billion reais, and total operating expenses rose 6.4% from the prior-year period to 2.02 billion reais from 1.90 billion reais.

Reported net income grew 37.1% on an annual basis to 162.2 million reais, or 11 centavos per share, from 118.3 million reais, or 8 centavos per share.

As of July 27, US$1 was equivalent to 3.36 reais.