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Bisi International Q1 profit climbs 66.4% YOY

PT BISI International Tbk said its first-quarter normalized net income came to 12.40 rupiah per share, a gain of 66.4% from 7.45 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 37.19 billion rupiah, an increase of 66.4% from 22.36 billion rupiah in the year-earlier period.

The normalized profit margin rose to 14.2% from 8.7% in the year-earlier period.

Total revenue grew year over year to 262.76 billion rupiah from 257.23 billion rupiah, and total operating expenses fell 9.3% on an annual basis to 204.50 billion rupiah from 225.35 billion rupiah.

Reported net income grew 71.5% year over year to 48.38 billion rupiah, or 16.13 rupiah per share, from 28.21 billion rupiah, or 9.40 rupiah per share.

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