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Electrolux de Chile Q1 profit climbs 6.0% YOY

Electrolux de Chile SA said its first-quarter normalized net income was 12.76 Chilean pesos per share, a gain of 6.0% from 12.03 pesos per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.78 billion pesos, an increase of 6.0% from 3.57 billion pesos in the prior-year period.

The normalized profit margin declined to 5.3% from 5.3% in the year-earlier period.

Total revenue rose 7.2% on an annual basis to 71.52 billion pesos from 66.74 billion pesos, and total operating expenses grew 12.6% year over year to 64.76 billion pesos from 57.53 billion pesos.

Reported net income rose 14.0% year over year to 4.66 billion pesos, or 15.70 pesos per share, from 4.08 billion pesos, or 13.77 pesos per share.

As of May 29, US$1 was equivalent to 619.00 Chilean pesos.