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InRetail Perú Q1 profit climbs YOY

InRetail Perú Corp. said its first-quarter normalized net income was 61 Peruvian céntimos per share, an increase from 11 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 62.6 million soles, an increase from 11.6 million soles in the prior-year period.

The normalized profit margin climbed to 3.5% from 0.7% in the year-earlier period.

Total revenue rose 9.5% on an annual basis to 1.76 billion soles from 1.61 billion soles, and total operating expenses climbed 9.9% year over year to 1.63 billion soles from 1.48 billion soles.

Reported net income rose year over year to 64.3 million soles, or 63 céntimos per share, from 9.4 million soles, or 9 céntimos per share.

As of May 12, US$1 was equivalent to 3.33 soles.