PT Hanjaya Mandala Sampoerna Tbk said its normalized net income for the first quarter came to 23.36 rupiah per share, an increase from 22.31 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 2.717 trillion rupiah, a gain from 2.595 trillion rupiah in the year-earlier period.
The normalized profit margin increased to 22.0% from 21.5% in the year-earlier period.
Total revenue rose year over year to 12.357 trillion rupiah from 12.071 trillion rupiah, and total operating expenses came to 8.195 trillion rupiah, compared with 8.149 trillion rupiah in the year-earlier period.
Reported net income increased 5.5% on an annual basis to 3.291 trillion rupiah, or 28.29 rupiah per share, from 3.119 trillion rupiah, or 26.81 rupiah per share.
As of April 26, US$1 was equivalent to 13,302 rupiah.