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Corporacií³n Financiera de Inversiones Q3 profit falls YOY

Corporación Financiera de Inversiones S.A. said its third-quarter normalized net income was 1 Peruvian céntimos per share, a decrease of 92.8% from 18 céntimos per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.7 million soles, a decline of 92.0% from 20.9 million soles in the year-earlier period.

The normalized profit margin declined to 5.7% from 159.9% in the year-earlier period.

Total revenue grew on an annual basis to 29.1 million soles from 13.1 million soles.

Reported net income came to 3.3 million soles, or 3 céntimos per share, compared to a loss of 1.4 million soles, or a loss of 1 céntimos per share, in the year-earlier period.

As of Nov. 14, US$1 was equivalent to 3.42 soles.