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.
