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Wismilak Inti Makmur Q1 profit falls YOY

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Wismilak Inti Makmur Q1 profit falls YOY

PT Wismilak Inti Makmur Tbk said its normalized net income for the first quarter came to 12.69 rupiah per share, a decline from 13.01 rupiah per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 26.65 billion rupiah, a decline from 27.32 billion rupiah in the prior-year period.

The normalized profit margin rose to 9.4% from 7.7% in the year-earlier period.

Total revenue grew 18.3% on an annual basis to 419.58 billion rupiah from 354.59 billion rupiah, and total operating expenses increased 20.6% from the prior-year period to 372.78 billion rupiah from 309.16 billion rupiah.

Reported net income declined 7.4% on an annual basis to 33.44 billion rupiah, or 15.92 rupiah per share, from 36.10 billion rupiah, or 17.19 rupiah per share.

As of April 30, US$1 was equivalent to 12,980 rupiah.