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Compañí­a Goodyear del Perú Q1 profit falls YOY

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Compañí­a Goodyear del Perú Q1 profit falls YOY

Compañía Goodyear del Perú SA said its first-quarter normalized net income amounted to 9 Peruvian céntimos per share, a decline of 20.7% 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 8.5 million soles, a decline of 20.7% from 10.8 million soles in the year-earlier period.

The normalized profit margin fell to 8.0% from 10.1% in the year-earlier period.

Total revenue came to 106.2 million soles, compared with 106.1 million soles in the prior-year period, and total operating expenses climbed from the prior-year period to 94.6 million soles from 90.4 million soles.

Reported net income decreased 20.8% year over year to 9.3 million soles, or 10 céntimos per share, from 11.7 million soles, or 13 céntimos per share.

As of April 30, US$1 was equivalent to 3.13 soles.