Intradevco Industrial SA said its first-quarter normalized net income came to 5.6 million soles, a decrease of 30.2% from 8.0 million 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 declined to 4.1% from 6.8% in the year-earlier period.
Total revenue climbed 15.4% on an annual basis to 135.4 million soles from 117.3 million soles, and total operating expenses rose 12.7% from the prior-year period to 115.0 million soles from 102.0 million soles.
Reported net income came to 5.3 million soles, compared with 9.0 million soles in the year-earlier period.
As of May 14, US$1 was equivalent to 3.15 soles.
