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Cartavio Q1 profit climbs YOY

Cartavio S.A.A. said its normalized net income for the first quarter was 35 Peruvian céntimos per share, an increase from 15 céntimos per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 7.2 million soles, an increase from 3.1 million soles in the year-earlier period.

The normalized profit margin climbed to 7.0% from 3.8% in the year-earlier period.

Total revenue rose on an annual basis to 85.6 million soles from 82.3 million soles, and total operating expenses came to 72.8 million soles, compared with 72.4 million soles in the year-earlier period.

Reported net income grew from the prior-year period to 13.4 million soles, or 65 céntimos per share, from 4.4 million soles, or 21 céntimos per share.

As of April 29, US$1 was equivalent to 3.27 soles.