Central Azucarera Chucarapi Pampa Blanca SA said its first-quarter normalized net income amounted to 1.3 million soles, compared with a loss of 1.2 million 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 climbed to negative 93.9% from negative 95.8% in the year-earlier period.

Total revenue climbed 11.5% year over year to 1.3 million soles from 1.2 million soles, and total operating expenses increased 11.0% year over year to 3.3 million soles from 3.0 million soles.

Reported net income totaled a loss of 2.0 million soles, compared with a loss of 1.8 million soles in the prior-year period.

As of May 2, US$1 was equivalent to 3.29 soles.