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Empresa Agroindustrial Cayaltí­ Q3 loss narrows YOY

Empresa Agroindustrial Cayaltí S.A.A. said its normalized net income for the third quarter amounted to a loss of 696,250 soles, compared with a loss of 2.6 million 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 increased to negative 20.8% from negative 45.1% in the year-earlier period.

Total revenue decreased 42.2% on an annual basis to 3.3 million soles from 5.8 million soles, and total operating expenses decreased 62.7% on an annual basis to 3.5 million soles from 9.4 million soles.

Reported net income came to a loss of 1.1 million soles, or a loss of 1 céntimos per share, compared to a loss of 3.2 million soles, or a loss of 14 céntimos per share, in the prior-year period.

As of Oct. 31, US$1 was equivalent to 3.36 soles.