Duncan Fox SA said its first-quarter normalized net income was 24.76 Chilean pesos per share, a decrease of 9.6% from 27.38 pesos per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.48 billion pesos, a decrease of 9.6% from 2.74 billion pesos in the prior-year period.
The normalized profit margin fell to 6.2% from 8.5% in the year-earlier period.
Total revenue increased 22.8% on an annual basis to 39.71 billion pesos from 32.32 billion pesos, and total operating expenses grew 27.5% from the prior-year period to 34.51 billion pesos from 27.08 billion pesos.
Reported net income declined 14.5% on an annual basis to 3.04 billion pesos, or 30.35 pesos per share, from 3.55 billion pesos, or 35.48 pesos per share.
As of May 29, US$1 was equivalent to 619.00 Chilean pesos.