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Corporacií³n Lindley swings to profit in Q1

Corporación Lindley S.A. said its first-quarter normalized net income amounted to 59.4 million soles, compared with a loss of 14.5 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 7.9% from negative 2.3% in the year-earlier period.

Total revenue rose 17.4% year over year to 747.7 million soles from 636.8 million soles, and total operating expenses rose 10.5% year over year to 631.5 million soles from 571.6 million soles.

Reported net income totaled 71.4 million soles, compared with a loss of 21.4 million soles, or a loss of 3 céntimos per share, in the year-earlier period.

As of April 22, US$1 was equivalent to 3.27 soles.