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Sanluis Q2 profit climbs 34.2% YOY

Sanluis Corp. SA de CV said its second-quarter normalized net income came to 82 Mexican centavos per share, an increase of 34.2% from 61 centavos per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 204.1 million pesos, an increase of 34.2% from 152.1 million pesos in the year-earlier period.

The normalized profit margin climbed to 6.4% from 5.0% in the year-earlier period.

Total revenue increased year over year to 3.19 billion pesos from 3.07 billion pesos, and total operating expenses climbed from the prior-year period to 2.83 billion pesos from 2.74 billion pesos.

Reported net income grew 46.9% from the prior-year period to 229.3 million pesos, or 92 centavos per share, from 156.1 million pesos, or 63 centavos per share.

As of July 28, US$1 was equivalent to 16.28 Mexican pesos.