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Inversiones Nacionales de Turismo Q2 profit climbs 49.8% YOY

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Inversiones Nacionales de Turismo Q2 profit climbs 49.8% YOY

Inversiones Nacionales de Turismo S.A. said its second-quarter normalized net income was 4 Peruvian céntimos per share, a gain of 50.9% from 2 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 2.8 million soles, a gain of 49.8% from 1.9 million soles in the year-earlier period.

The normalized profit margin rose to 4.8% from 3.6% in the year-earlier period.

Total revenue grew 10.2% on an annual basis to 58.2 million soles from 52.8 million soles, and total operating expenses grew 5.7% year over year to 49.5 million soles from 46.8 million soles.

Reported net income increased 49.8% on an annual basis to 4.5 million soles, or 6 céntimos per share, from 3.0 million soles, or 4 céntimos per share.

As of July 22, US$1 was equivalent to 3.18 soles.