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Empresa Agroindustrial Cayaltí­ Q1 loss narrows YOY

Empresa Agroindustrial Cayaltí SAA said its normalized net income for the first quarter amounted to a loss of 3.0 million soles, compared with a loss of 3.9 million soles in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to negative 36.8% from negative 58.4% in the year-earlier period.

Total revenue climbed year over year to 6.9 million soles from 6.7 million soles, and total operating expenses decreased from the prior-year period to 8.3 million soles from 8.6 million soles.

Reported net income came to a loss of 4.0 million soles, or a loss of 17 céntimos per share, compared to a loss of 6.3 million soles in the prior-year period.

As of April 30, US$1 was equivalent to 3.13 soles.