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Graha Layar Prima Q1 loss widens 35.2% YOY

PT Graha Layar Prima Tbk said its first-quarter normalized net income amounted to a loss of 30.45 rupiah per share, compared with a loss of 26.22 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 a loss of 10.28 billion rupiah, compared with a loss of 7.60 billion rupiah in the year-earlier period.

The normalized profit margin increased to negative 9.1% from negative 10.9% in the year-earlier period.

Total revenue increased 62.9% on an annual basis to 113.18 billion rupiah from 69.46 billion rupiah, and total operating expenses increased 47.2% from the prior-year period to 128.33 billion rupiah from 87.18 billion rupiah.

Reported net income totaled a loss of 16.45 billion rupiah, or a loss of 48.73 rupiah per share, compared to a loss of 12.17 billion rupiah, or a loss of 41.98 rupiah per share, in the year-earlier period.

As of April 29, US$1 was equivalent to 13,165 rupiah.