Cartavio SAA said its first-quarter normalized net income came to 15 Peruvian céntimos per share, a decrease of 48.2% from 29 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 3.1 million soles, a decrease of 48.2% from 6.1 million soles in the prior-year period.
The normalized profit margin fell to 3.8% from 7.6% in the year-earlier period.
Total revenue rose year over year to 82.3 million soles from 80.3 million soles, and total operating expenses increased 6.3% on an annual basis to 72.4 million soles from 68.1 million soles.
Reported net income decreased 46.8% on an annual basis to 4.4 million soles, or 21 céntimos per share, from 8.3 million soles, or 40 céntimos per share.
As of April 30, US$1 was equivalent to 3.13 soles.
