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Viña San Pedro Tarapací¡ Q1 profit climbs 16.1% YOY

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Viña San Pedro Tarapací¡ Q1 profit climbs 16.1% YOY

Viña San Pedro Tarapacá SA said its normalized net income for the first quarter came to 9 Chilean centavos per share, a gain of 16.1% from 8 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 3.77 billion pesos, an increase of 16.1% from 3.24 billion pesos in the year-earlier period.

The normalized profit margin rose to 9.2% from 8.9% in the year-earlier period.

Total revenue rose 12.2% on an annual basis to 40.82 billion pesos from 36.37 billion pesos, and total operating expenses climbed 11.0% on an annual basis to 34.74 billion pesos from 31.29 billion pesos.

Reported net income grew 9.1% from the prior-year period to 4.80 billion pesos, or 12 centavos per share, from 4.40 billion pesos, or 11 centavos per share.

As of May 5, US$1 was equivalent to 610.39 Chilean pesos.