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Corporacií³n Lindley swings to profit in Q2

Corporación Lindley SA said its normalized net income for the second quarter came to 17.4 million soles, compared with a loss of 2.2 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 climbed to 3.0% from negative 0.4% in the year-earlier period.

Total revenue grew 13.4% year over year to 576.0 million soles from 508.0 million soles, and total operating expenses increased from the prior-year period to 505.3 million soles from 497.3 million soles.

Reported net income increased year over year to 27.8 million soles, or 4 céntimos per share, from 1.2 million soles, or 0 céntimos per share.

As of July 16, US$1 was equivalent to 3.18 soles.