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Backus & Johnston Brewery Q1 profit climbs 37.4% YOY

Backus & Johnston Brewery said its normalized net income for the first quarter amounted to 231.4 million soles, a rise of 37.4% from 168.4 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 climbed to 21.6% from 16.9% in the year-earlier period.

Total revenue climbed 7.8% year over year to 1.07 billion soles from 995.0 million soles, and total operating expenses declined year over year to 680.0 million soles from 713.7 million soles.

Reported net income came to 256.8 million soles, compared with 181.2 million soles in the prior-year period.

As of May 11, US$1 was equivalent to 3.14 soles.