Empresa Agroindustrial Pomalca SAA said its first-quarter normalized net income came to a loss of 3.4 million soles, compared with a loss of 574,380 soles in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin dropped to negative 31.8% from negative 2.6% in the year-earlier period.
Total revenue fell 50.6% year over year to 10.8 million soles from 21.9 million soles, and total operating expenses declined 28.3% year over year to 15.5 million soles from 21.6 million soles.
Reported net income came to a loss of 6.3 million soles, or a loss of 2 céntimos per share, compared to income of 940,060 soles, or 0 céntimos per share, in the year-earlier period.
As of April 30, US$1 was equivalent to 3.13 soles.
