Filamentos Industriales SA said its first-quarter normalized net income amounted to 2 Peruvian céntimos per share, an increase from 2 céntimos per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 707,500 soles, an increase from 692,500 soles in the prior-year period.
The normalized profit margin increased to 7.0% from 4.9% in the year-earlier period.
Total revenue decreased 29.3% year over year to 10.1 million soles from 14.2 million soles, and total operating expenses declined 30.8% year over year to 10.0 million soles from 14.5 million soles.
Reported net income increased year over year to 1.1 million soles, or 3 céntimos per share, from 1.1 million soles, or 3 céntimos per share.
As of April 30, US$1 was equivalent to 3.13 soles.
