PT Sumber Alfaria Trijaya Tbk said its normalized net income for the first quarter amounted to a loss of 74 Indonesian sen per share, compared with the S&P Capital IQ consensus estimate of a loss of 16 sen per share.
The per-share result swung to a loss from the prior-year profit of 7 sen.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 28.73 billion rupiah, compared with income of 2.55 billion rupiah in the prior-year period.
The normalized profit margin fell to negative 0.2% from 0.0% in the year-earlier period.
Total revenue rose 12.6% on an annual basis to 10.299 trillion rupiah from 9.144 trillion rupiah, and total operating expenses increased 12.8% from the prior-year period to 10.200 trillion rupiah from 9.045 trillion rupiah.
Reported net income totaled a loss of 38.62 billion rupiah, or a loss of 1.00 rupiah per share, compared to income of 10.01 billion rupiah, or 27 sen per share, in the prior-year period.
As of April 30, US$1 was equivalent to 12,980 rupiah.
