Casa Grande SAA said its normalized net income for the first quarter was 23 Peruvian céntimos per share, an increase from 8 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 6.2 million soles, a gain of 81.4% from 3.4 million soles in the prior-year period.
The normalized profit margin rose to 4.5% from 3.8% in the year-earlier period.
Total revenue rose 55.9% year over year to 137.9 million soles from 88.4 million soles, and total operating expenses rose 50.1% from the prior-year period to 118.7 million soles from 79.1 million soles.
Reported net income increased 45.4% on an annual basis to 6.7 million soles, or 25 céntimos per share, from 4.6 million soles, or 11 céntimos per share.
As of April 30, US$1 was equivalent to 3.13 soles.
