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Saga Falabella Q1 profit climbs 25.4% YOY

Saga Falabella SA said its normalized net income for the first quarter was 6 Peruvian céntimos per share, an increase of 25.5% from 5 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 15.5 million soles, a gain of 25.4% from 12.3 million soles in the year-earlier period.

The normalized profit margin rose to 2.6% from 2.2% in the year-earlier period.

Total revenue increased year over year to 593.0 million soles from 569.2 million soles, and total operating expenses increased on an annual basis to 578.4 million soles from 557.0 million soles.

Reported net income grew 28.6% on an annual basis to 15.8 million soles, or 6 céntimos per share, from 12.3 million soles, or 5 céntimos per share.

As of April 30, US$1 was equivalent to 3.13 soles.