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Inversiones Nacionales de Turismo Q1 loss widens 19.5% YOY

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Inversiones Nacionales de Turismo Q1 loss widens 19.5% YOY

4980610 said its normalized net income for the first quarter amounted to a loss of 5 Peruvian céntimos per share, compared with a loss of 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 a loss of 3.7 million soles, compared with a loss of 3.1 million soles in the year-earlier period.

The normalized profit margin dropped to negative 8.5% from negative 7.6% in the year-earlier period.

Total revenue grew 7.7% on an annual basis to 44.0 million soles from 40.8 million soles, and total operating expenses climbed from the prior-year period to 45.0 million soles from 43.2 million soles.

eported net income came to a loss of 5.9 millio Inversiones Nacionales de Turismo S.A.