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Central Azucarera Chucarapi Pampa Blanca Q3 loss narrows YOY

Central Azucarera Chucarapi Pampa Blanca SA said its normalized net income for the third quarter was a loss of 953,750 soles, compared with a loss of 1.1 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 rose to negative 32.2% from negative 34.4% in the year-earlier period.

Total revenue decreased year over year to 3.0 million soles from 3.1 million soles, and total operating expenses decreased 7.5% on an annual basis to 4.4 million soles from 4.7 million soles.

Reported net income came to a loss of 1.5 million soles, or a loss of 65 céntimos per share, compared to a loss of 1.7 million soles in the year-earlier period.

As of Oct. 19, US$1 was equivalent to 3.38 soles.