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Agroindustrial Laredo Q3 profit climbs YOY

Agroindustrial Laredo S.A.A. said its normalized net income for the third quarter was 11.7 million soles, a rise from 83,130 soles in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to 11.7% from 0.1% in the year-earlier period.

Total revenue climbed 58.0% year over year to 100.0 million soles from 63.3 million soles, and total operating expenses climbed 29.0% on an annual basis to 76.5 million soles from 59.3 million soles.

Reported net income grew from the prior-year period to 15.6 million soles, or 1.35 soles per share, from 1.3 million soles, or 11 céntimos per share.

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