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PT. Mandom Indonesia Q1 profit climbs YOY

PT. Mandom Indonesia Tbk said its normalized net income for the first quarter amounted to 270.26 rupiah per share, a gain from 262.20 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 54.34 billion rupiah, an increase from 52.72 billion rupiah in the year-earlier period.

The normalized profit margin dropped to 8.3% from 8.9% in the year-earlier period.

Total revenue climbed 10.9% year over year to 653.80 billion rupiah from 589.69 billion rupiah, and total operating expenses rose 9.5% from the prior-year period to 554.93 billion rupiah from 507.00 billion rupiah.

Reported net income totaled 62.27 billion rupiah, or 309.70 rupiah per share, compared to 62.75 billion rupiah, or 312.09 rupiah per share, in the year-earlier period.

As of April 29, US$1 was equivalent to 12,900 rupiah.