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Laive Q2 profit falls YOY

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Laive Q2 profit falls YOY

Laive SA said its second-quarter normalized net income was 2 Peruvian céntimos per share, a decrease of 50.1% from 4 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 1.6 million soles, a decline of 50.1% from 3.1 million soles in the year-earlier period.

The normalized profit margin declined to 1.3% from 2.6% in the year-earlier period.

Total revenue grew on an annual basis to 121.3 million soles from 118.0 million soles, and total operating expenses climbed from the prior-year period to 116.9 million soles from 112.1 million soles.

Reported net income decreased 46.3% on an annual basis to 1.8 million soles, or 2 céntimos per share, from 3.3 million soles, or 5 céntimos per share.

As of July 30, US$1 was equivalent to 3.18 soles.