Empresa Agrícola Sintuco SA said its first-quarter normalized net income amounted to 17 Peruvian céntimos per share, an increase of 33.1% from 13 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 605,630 soles, a gain of 33.7% from 453,130 soles in the year-earlier period.
The normalized profit margin dropped to 10.1% from 39.5% in the year-earlier period.
Total revenue increased year over year to 6.0 million soles from 1.1 million soles, and total operating expenses rose from the prior-year period to 5.1 million soles from 421,000 soles.
Reported net income increased 26.5% from the prior-year period to 773,000 soles, or 22 céntimos per share, from 611,000 soles, or 18 céntimos per share.
As of April 30, US$1 was equivalent to 3.13 soles.
