PT Hanjaya Mandala Sampoerna Tbk said its third-quarter normalized net income amounted to 23.51 rupiah per share, compared with the S&P Capital IQ consensus estimate of 30.00 rupiah per share.

EPS rose 12.1% year over year from 20.98 rupiah.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.735 trillion rupiah, an increase of 12.1% from 2.440 trillion rupiah in the prior-year period.

The normalized profit margin rose to 21.3% from 18.9% in the year-earlier period.

Total revenue came to 12.855 trillion rupiah, compared with 12.917 trillion rupiah in the year-earlier period, and total operating expenses decreased 6.1% year over year to 8.645 trillion rupiah from 9.203 trillion rupiah.

Reported net income increased 12.1% from the prior-year period to 3.288 trillion rupiah, or 28.26 rupiah per share, from 2.933 trillion rupiah, or 25.22 rupiah per share.

As of Oct. 31, US$1 was equivalent to 13,556 rupiah.