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Empresa Agrí­cola Sintuco swings to loss in Q1

4914202 said its normalized net income for the first quarter amounted to a loss of 6 Peruvian céntimos per share, compared with 17 céntimos per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 193,750 soles, compared with income of 605,630 soles in the prior-year period.

The normalized profit margin declined to negative 40.8% from 10.1% in the year-earlier period.

Total revenue declined 74.4% on an annual basis to 1.5 million soles from 6.0 million soles, and total operating expenses declined 61.7% year over year to 1.9 million soles from 5.1 million soles.

Reported net income totaled a loss of 344,000 soles, or a loss of 10 céntimos per share, compared to income of 773,000 soles, or 22 céntimos per share, in the prior-year period.

s of April 29, US$1 was equivalent to 3.27 soles.Empresa Agrícola Sintuco S.A.

4914202 said its normalized net income for the first quarter amounted to a loss of 6 Peruvian céntimos per share, compared with 17 céntimos per share in the prior-year period.