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Agroindustrial Pomalca Q2 loss narrows YOY

Empresa Agroindustrial Pomalca SAA said its second-quarter normalized net income came to a loss of 2.4 million soles, compared with a loss of 2.5 million 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 rose to negative 9.5% from negative 16.8% in the year-earlier period.

Total revenue grew 70.7% on an annual basis to 25.5 million soles from 14.9 million soles, and total operating expenses climbed 52.8% from the prior-year period to 28.0 million soles from 18.3 million soles.

Reported net income totaled a loss of 4.0 million soles, or a loss of 1 céntimos per share, compared to a loss of 3.5 million soles, or a loss of 1 céntimos per share, in the prior-year period.

As of July 25, US$1 was equivalent to 3.32 soles.