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InRetail Perú Q2 profit climbs YOY

InRetail Perú Corp. said its second-quarter normalized net income came to 59 Peruvian céntimos per share, compared with the S&P Capital IQ consensus estimate of 60 céntimos per share.

EPS increased year over year from 25 céntimos.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 60.8 million soles, an increase from 25.6 million soles in the year-earlier period.

The normalized profit margin rose to 3.5% from 1.6% in the year-earlier period.

Total revenue increased 6.2% on an annual basis to 1.75 billion soles from 1.65 billion soles, and total operating expenses increased 5.6% on an annual basis to 1.60 billion soles from 1.51 billion soles.

Reported net income rose from the prior-year period to 63.5 million soles, or 62 céntimos per share, from 16.4 million soles, or 16 céntimos per share.

As of Aug. 11, US$1 was equivalent to 3.30 soles.