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Filamentos Industriales Q2 profit falls YOY

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Filamentos Industriales Q2 profit falls YOY

4916840 said its normalized net income for the second quarter was 2 Peruvian céntimos per share, a decrease of 74.0% from 6 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 587,500 soles, a decline of 74.0% from 2.3 million soles in the prior-year period.

The normalized profit margin declined to 5.1% from 22.2% in the year-earlier period.

Total revenue climbed 12.2% on an annual basis to 11.4 million soles from 10.2 million soles, and total operating expenses increased 40.2% year over year to 11.2 million soles from 8.0 million soles.

Reported net income fell 71.9% from the prior-year period to 938,000 soles, or 3 céntimos per share, from 3.3 million soles, or 9 céntimos per share.

s of Aug. 1, US$1 was equivalent to 3.35 soles.Filamentos Industriales SA

4916840 said its normalized net income for the second quarter was 2 Peruvian céntimos per share, a decrease of 74.0% from 6 céntimos per share in the year-earlier period.