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Agroindustrias San Jacinto Q3 profit climbs 58.5% YOY

Agroindustrias San Jacinto SAA said its normalized net income for the third quarter amounted to 40 Peruvian céntimos per share, a gain of 58.2% from 25 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 11.4 million soles, a gain of 58.5% from 7.2 million soles in the year-earlier period.

The normalized profit margin climbed to 26.7% from 13.9% in the year-earlier period.

Total revenue rose 30.3% year over year to 67.7 million soles from 51.9 million soles, and total operating expenses increased 20.7% year over year to 43.9 million soles from 36.4 million soles.

Reported net income rose 38.7% on an annual basis to 15.4 million soles, or 54 céntimos per share, from 11.1 million soles, or 39 céntimos per share.

As of Nov. 15, US$1 was equivalent to 3.43 soles.