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Corporacií³n Financiera de Inversiones Q3 profit climbs YOY

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Corporacií³n Financiera de Inversiones Q3 profit climbs YOY

Corporación Financiera de Inversiones SA said its normalized net income for the third quarter was 11 Peruvian céntimos per share, an increase from 2 céntimos per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 13.0 million soles, a gain from 2.0 million soles in the year-earlier period.

The normalized profit margin increased to 159.9% from 20.0% in the year-earlier period.

Total revenue came to 13.1 million soles.

Reported net income came to a loss of 9.3 million soles, or a loss of 8 céntimos per share, compared to a loss of 653,000 soles, or a loss of 1 céntimos per share, in the prior-year period.

As of Nov. 13, US$1 was equivalent to 3.33 soles.