trending Market Intelligence /marketintelligence/en/news-insights/trending/uT-csBkDtXxoS_vpPiCkmw2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Inversiones La Rioja Q4 loss narrows YOY

Blog

COVID-19 Impact & Recovery: LCD Outlook for H2 2021

Blog

COVID 19 Impact Recovery Media Telecom and Technology Outlook for H2 2021

Blog

COVID-19 Impact & Recovery: Technology Outlook for H2 2021

Blog

COVID-19 Impact & Recovery: Healthcare Outlook for H2 2021


Inversiones La Rioja Q4 loss narrows YOY

Inversiones La Rioja SA said its normalized net income for the fourth quarter was a loss of 5 Peruvian céntimos per share, compared with a loss of 5 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 3.5 million soles, compared with a loss of 3.7 million soles in the year-earlier period.

The normalized profit margin climbed to negative 8.7% from negative 11.8% in the year-earlier period.

Total revenue climbed 33.5% year over year to 42.4 million soles from 31.7 million soles, and total operating expenses grew 26.0% from the prior-year period to 33.1 million soles from 26.3 million soles.

Reported net income came to a loss of 4.7 million soles, or a loss of 6 céntimos per share, compared to a loss of 269,130 soles, or a loss of 0 céntimos per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 4 céntimos per share, compared with 2 céntimos per share in the prior year.

Normalized net income was a loss of 2.8 million soles, compared with income of 1.5 million soles in the prior year.

Full-year total revenue increased 17.0% from the prior-year period to 137.8 million soles from 117.7 million soles, and total operating expenses increased 13.5% on an annual basis to 104.3 million soles from 91.8 million soles.

The company said reported net income came to a loss of 4.8 million soles, or a loss of 6 céntimos per share, in the full year, compared with income of 4.6 million soles, or 6 céntimos per share, the prior year.

As of March 9, US$1 was equivalent to 3.44 soles.