trending Market Intelligence /marketintelligence/en/news-insights/trending/-c2vLsQC90OGF-6VYhosww2 content esgSubNav
In This List

Tifico Fiber Indonesia swings to loss in Q1

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Tifico Fiber Indonesia swings to loss in Q1

PT Tifico Fiber Indonesia Tbk said its normalized net income for the first quarter came to a loss of $2.7 million, compared with income of $450,110 in the prior-year period.

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

The normalized profit margin declined to negative 5.8% from 0.6% in the year-earlier period.

Total revenue declined 39.9% year over year to $47.4 million from $78.8 million, and total operating expenses declined 34.6% year over year to $51.3 million from $78.4 million.

Reported net income totaled a loss of $4.2 million, or a loss of 0 cents per share, compared to income of $878,820, or 0 cents per share, in the year-earlier period.