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Casa Grande Q3 profit climbs 41.2% YOY

Casa Grande S.A.A. said its third-quarter normalized net income was 34 Peruvian céntimos per share, an increase of 41.1% from 24 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 28.7 million soles, a gain of 41.2% from 20.3 million soles in the year-earlier period.

The normalized profit margin climbed to 22.7% from 19.4% in the year-earlier period.

Total revenue grew 29.8% year over year to 135.8 million soles from 104.7 million soles, and total operating expenses climbed 31.6% from the prior-year period to 90.9 million soles from 69.1 million soles.

Reported net income grew 45.8% year over year to 39.7 million soles, or 47 céntimos per share, from 27.3 million soles, or 32 céntimos per share.

As of Nov. 15, US$1 was equivalent to 3.43 soles.