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Austindo Nusantara Jaya Q2 profit climbs 95.5% YOY

PT Austindo Nusantara Jaya Tbk said its normalized net income for the second quarter came to $1.6 million, an increase of 95.5% from $798,520 in the prior-year period.

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

The normalized profit margin increased to 5.3% from 2.2% in the year-earlier period.

Total revenue declined 16.7% on an annual basis to $30.0 million from $36.0 million, and total operating expenses decreased 15.0% on an annual basis to $29.5 million from $34.7 million.

Reported net income totaled $935,940, or 0 cents per share, compared to a loss of $678,660, or a loss of 0 cents per share, in the prior-year period.