trending Market Intelligence /marketintelligence/en/news-insights/trending/AbstsWkENOrWx7hJCUPygg2 content esgSubNav
In This List

Cartavio swings to profit in Q2

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Post-webinar Q&A: Speed and Scalability – Automation in Credit Risk Modeling

Blog

Customer Success: a $200 million market poised for dramatic growth

451 Research Podcast

Next in Tech | Episode 41: IoT's Role in Energy and Utilities


Cartavio swings to profit in Q2

Cartavio S.A.A. said its normalized net income for the second quarter amounted to 77 Peruvian céntimos per share, compared with a loss of 12 céntimos per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 16.0 million soles, compared with a loss of 2.8 million soles in the prior-year period.

The normalized profit margin rose to 3.1% from negative 4.3% in the year-earlier period.

Total revenue grew 61.8% year over year to 105.7 million soles from 65.3 million soles, and total operating expenses grew 20.0% from the prior-year period to 78.8 million soles from 65.7 million soles.

Reported net income totaled 22.3 million soles, or 1.08 soles per share, compared to a loss of 908,000 soles, or a loss of 4 céntimos per share, in the year-earlier period.

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