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Consorcio ARA Q2 profit climbs 30.0% YOY

Consorcio ARA S. A. B. de C. V. said its second-quarter normalized net income came to 164.9 million pesos, a rise of 30.0% from 126.9 million pesos in the year-earlier period.

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

The normalized profit margin rose to 8.6% from 7.4% in the year-earlier period.

Total revenue rose 11.3% on an annual basis to 1.90 billion pesos from 1.71 billion pesos, and total operating expenses rose 9.7% year over year to 1.67 billion pesos from 1.52 billion pesos.

Reported net income came to 186.5 million pesos, compared with 142.1 million pesos, or 11 centavos per share, in the year-earlier period.

As of July 26, US$1 was equivalent to 18.83 Mexican pesos.