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Valparaí­so Sporting Club SA Q3 profit climbs YOY

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Valparaí­so Sporting Club SA Q3 profit climbs YOY

Valparaíso Sporting Club S.A. said its third-quarter normalized net income was 145.6 million pesos, an increase from 67.0 million pesos in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to 8.9% from 4.3% in the year-earlier period.

Total revenue increased 16.7% year over year to 1.82 billion pesos from 1.56 billion pesos, and total operating expenses increased 7.3% on an annual basis to 1.59 billion pesos from 1.48 billion pesos.

Reported net income totaled 199.9 million pesos, compared with 94.4 million pesos in the year-earlier period.

As of Nov. 24, US$1 was equivalent to 710.25 Chilean pesos.