PT Dharma Satya Nusantara Tbk said its normalized net income for the first quarter came to 4.62 rupiah per share, a decrease of 62.2% from 12.21 rupiah per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 49.21 billion rupiah, a decrease of 62.0% from 129.45 billion rupiah in the year-earlier period.
The normalized profit margin declined to 4.8% from 10.5% in the year-earlier period.
Total revenue declined 17.3% year over year to 1.024 trillion rupiah from 1.238 trillion rupiah, and total operating expenses decreased 16.0% from the prior-year period to 854.48 billion rupiah from 1.017 trillion rupiah.
Reported net income declined 61.3% year over year to 57.66 billion rupiah, or 5.41 rupiah per share, from 149.01 billion rupiah, or 14.06 rupiah per share.
As of April 28, US$1 was equivalent to 12,935 rupiah.
