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Gloria SA Q3 profit climbs 8.3% YOY

Gloria SA said its third-quarter normalized net income amounted to 13 Peruvian céntimos per share, an increase of 8.3% from 12 céntimos per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 56.3 million soles, an increase of 8.3% from 52.0 million soles in the year-earlier period.

The normalized profit margin climbed to 4.9% from 4.9% in the year-earlier period.

Total revenue climbed 7.1% on an annual basis to 1.14 billion soles from 1.06 billion soles, and total operating expenses climbed 6.5% year over year to 1.03 billion soles from 966.8 million soles.

Reported net income rose 11.8% from the prior-year period to 62.4 million soles, or 15 céntimos per share, from 55.8 million soles, or 13 céntimos per share.

As of Nov. 13, US$1 was equivalent to 3.33 soles.