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Universal Textil Q1 profit falls YOY

6675448 said its normalized net income for the first quarter was 75,000 soles, a decrease of 79.3% from 361,880 soles in the year-earlier period.

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

The normalized profit margin dropped to 0.2% from 1.3% in the year-earlier period.

Total revenue rose 13.0% on an annual basis to 30.7 million soles from 27.2 million soles, and total operating expenses grew 13.5% year over year to 29.9 million soles from 26.3 million soles.

Reported net income totaled 174,000 soles, compared with 426,000 soles, or 0 céntimos per share, in the prior-year period.

s of April 30, US$1 was equivalent to 3.13 soles.Compañía Universal Textil SA

6675448 said its normalized net income for the first quarter was 75,000 soles, a decrease of 79.3% from 361,880 soles in the year-earlier period.