PT Chitose Internasional Tbk said its first-quarter normalized net income amounted to 7.02 rupiah per share, a decline of 24.8% from 9.34 rupiah per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 7.02 billion rupiah, an increase of 7.4% from 6.54 billion rupiah in the year-earlier period.
The normalized profit margin rose to 8.7% from 8.6% in the year-earlier period.
Total revenue came to 75.95 billion rupiah, compared with 76.17 billion rupiah in the year-earlier period, and total operating expenses came to 64.58 billion rupiah, compared with 64.61 billion rupiah in the prior-year period.
Reported net income increased 11.0% on an annual basis to 8.24 billion rupiah, or 8.24 rupiah per share, from 7.42 billion rupiah, or 10.61 rupiah per share.
As of April 30, US$1 was equivalent to 12,980 rupiah.
