Falabella Perú SAA said its first-quarter normalized net income amounted to 4 Peruvian céntimos per share, an increase of 16.8% from 3 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 74.1 million soles, a gain of 16.8% from 63.4 million soles in the prior-year period.
The normalized profit margin declined to 3.0% from 3.4% in the year-earlier period.
Total revenue rose 29.2% on an annual basis to 2.44 billion soles from 1.89 billion soles, and total operating expenses increased 27.3% from the prior-year period to 2.29 billion soles from 1.79 billion soles.
Reported net income increased 25.9% from the prior-year period to 86.2 million soles, or 5 céntimos per share, from 68.4 million soles, or 4 céntimos per share.
As of April 30, US$1 was equivalent to 3.13 soles.
