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InRetail Perú Q3 profit climbs YOY

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InRetail Perú Q3 profit climbs YOY

InRetail Perú Corp. said its third-quarter normalized net income amounted to 47 Peruvian céntimos per share, compared with the S&P Capital IQ consensus estimate of 44 céntimos per share.

EPS climbed year over year from 21 céntimos.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 48.7 million soles, a gain from 21.4 million soles in the year-earlier period.

The normalized profit margin rose to 2.8% from 1.3% in the year-earlier period.

Total revenue increased 7.2% year over year to 1.79 billion soles from 1.67 billion soles, and total operating expenses increased 6.7% year over year to 1.66 billion soles from 1.55 billion soles.

Reported net income grew from the prior-year period to 48.6 million soles, or 47 céntimos per share, from 19.3 million soles, or 19 céntimos per share.

As of Nov. 10, US$1 was equivalent to 3.41 soles.