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Austindo Nusantara Jaya swings to profit in Q3

PT Austindo Nusantara Jaya Tbk said its normalized net income for the third quarter was $7.2 million, compared with a loss of $3.3 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 17.9% from negative 11.7% in the year-earlier period.

Total revenue climbed 38.0% year over year to $39.0 million from $28.3 million, and total operating expenses fell 11.2% year over year to $28.9 million from $32.5 million.

Reported net income totaled $7.3 million, or 0 cents per share, compared to a loss of $7.9 million, or a loss of 0 cents per share, in the year-earlier period.