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Grupo Nutresa profit beats consensus by 61.1% in Q1

Grupo Nutresa SA said its normalized net income for the first quarter was 272.85 Colombian pesos per share, compared with the S&P Capital IQ consensus estimate of 169.37 pesos per share.

In the prior-year period, the per-share result came in at a profit of 275.36 pesos.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 125.54 billion pesos, compared with 126.70 billion pesos in the prior-year period.

The normalized profit margin fell to 7.2% from 8.3% in the year-earlier period.

Total revenue climbed 12.8% on an annual basis to 1.717 trillion pesos from 1.523 trillion pesos, and total operating expenses grew 15.0% year over year to 1.525 trillion pesos from 1.327 trillion pesos.

Reported net income fell on an annual basis to 151.34 billion pesos, or 328.91 pesos per share, from 158.09 billion pesos, or 343.58 pesos per share.

As of April 30, US$1 was equivalent to 2,396.46 Colombian pesos.