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Nipress Q1 profit climbs YOY

PT Nipress Tbk said its first-quarter normalized net income was 8.19 rupiah per share, an increase from 7.90 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 12.18 billion rupiah, a gain from 11.74 billion rupiah in the prior-year period.

The normalized profit margin declined to 4.5% from 5.0% in the year-earlier period.

Total revenue rose 14.8% on an annual basis to 271.19 billion rupiah from 236.33 billion rupiah, and total operating expenses climbed 12.7% on an annual basis to 240.98 billion rupiah from 213.90 billion rupiah.

Reported net income increased on an annual basis to 14.56 billion rupiah, or 9.79 rupiah per share, from 14.09 billion rupiah, or 9.47 rupiah per share.

As of April 30, US$1 was equivalent to 12,980 rupiah.