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Agroindustrias San Jacinto swings to profit in Q1

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MediaTalk | Season 2
Ep.1: Broadcast's Big Year


Global M&A by the Numbers Q4 2023

Agroindustrias San Jacinto swings to profit in Q1

Agroindustrias San Jacinto SAA said its normalized net income for the first quarter came to 33 Peruvian céntimos per share, compared with a loss of 4 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 9.5 million soles, compared with a loss of 1.1 million soles in the prior-year period.

The normalized profit margin rose to 12.4% from negative 2.6% in the year-earlier period.

Total revenue climbed 32.3% on an annual basis to 57.5 million soles from 43.5 million soles, and total operating expenses grew 17.7% year over year to 43.6 million soles from 37.1 million soles.

Reported net income came to 12.8 million soles, or 45 céntimos per share, compared to a loss of 1.7 million soles, or a loss of 6 céntimos per share, in the prior-year period.

As of April 29, US$1 was equivalent to 3.27 soles.