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Central Azucarera Chucarapi Pampa Blanca Q1 loss widens 50.7% YOY

Central Azucarera Chucarapi Pampa Blanca SA said its first-quarter normalized net income amounted to 1.2 million soles, compared with a loss of 765,000 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 fell to negative 95.8% from negative 23.1% in the year-earlier period.

Total revenue fell 63.6% on an annual basis to 1.2 million soles from 3.3 million soles, and total operating expenses decreased 33.2% on an annual basis to 3.0 million soles from 4.5 million soles.

Reported net income totaled a loss of 1.8 million soles, compared with a loss of 1.2 million soles in the prior-year period.

As of April 30, US$1 was equivalent to 3.13 soles.