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La Comer profit misses consensus by 53.8% in Q1

La Comer SAB de CV said its first-quarter normalized net income was 47.7 million pesos.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 2.9%.

Total revenue came to 3.35 billion pesos, and total operating expenses came to 3.28 billion pesos.

Reported net income came to 53.2 million pesos, or 5 centavos per share.

As of April 27, US$1 was equivalent to 17.43 Mexican pesos.