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Enjoy SA Q1 profit falls YOY

Enjoy SA said its normalized net income for the first quarter came to 70 Chilean centavos per share, a decrease of 25.8% from 94 centavos per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.65 billion pesos, a decline of 20.8% from 2.09 billion pesos in the prior-year period.

The normalized profit margin fell to 2.5% from 3.2% in the year-earlier period.

Total revenue came to 66.22 billion pesos, compared with 66.13 billion pesos in the year-earlier period, and total operating expenses grew 12.1% year over year to 58.21 billion pesos from 51.93 billion pesos.

Reported net income declined 56.6% on an annual basis to 1.75 billion pesos, or 74 centavos per share, from 4.02 billion pesos, or 1.82 pesos per share.

As of April 22, US$1 was equivalent to 619.20 Chilean pesos.