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Andacor SA Q1 loss narrows YOY

Andacor S.A. said its first-quarter normalized net income came to a loss of 311.71 Chilean pesos per share, compared with a loss of 319.33 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 a loss of 459.6 million pesos, compared with a loss of 470.8 million pesos in the prior-year period.

Total revenue increased 32.1% year over year to 36.3 million pesos from 27.5 million pesos, and total operating expenses fell on an annual basis to 737.3 million pesos from 751.2 million pesos.

Reported net income came to a loss of 566.0 million pesos, or a loss of 383.85 pesos per share, compared to a loss of 510.2 million pesos, or a loss of 346.04 pesos per share, in the prior-year period.

As of May 30, US$1 was equivalent to 688.21 Chilean pesos.