trending Market Intelligence /marketintelligence/en/news-insights/trending/f6_4ygB9JgZdUJE1y75bDw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Empresa Azucarera el Ingenio Q3 profit falls YOY


ESG hits the mainstream for European private equity sponsors


What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals


Banking Essentials Newsletter - February Edition, Part 2


Episode 1: Origins of 451 Research - Part 1

Empresa Azucarera el Ingenio Q3 profit falls YOY

Empresa Azucarera el Ingenio SA said its third-quarter normalized net income came to 7 Peruvian céntimos per share, a decrease of 44.1% from 12 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 302,500 soles, a decrease of 45.5% from 555,000 soles in the prior-year period.

The normalized profit margin declined to 12.9% from 19.5% in the year-earlier period.

Total revenue declined 17.5% on an annual basis to 2.4 million soles from 2.8 million soles, and total operating expenses declined 5.2% year over year to 1.9 million soles from 2.0 million soles.

Reported net income decreased 45.6% from the prior-year period to 411,000 soles, or 9 céntimos per share, from 755,000 soles, or 17 céntimos per share.

As of Oct. 28, US$1 was equivalent to 3.37 soles.