PT Tiga Pilar Sejahtera Food Tbk said its normalized net income for the third quarter came to 14.60 rupiah per share, compared with 14.73 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 46.99 billion rupiah, an increase of 8.9% from 43.15 billion rupiah in the year-earlier period.
The normalized profit margin fell to 3.5% from 3.6% in the year-earlier period.
Total revenue climbed 10.8% on an annual basis to 1.346 trillion rupiah from 1.215 trillion rupiah, and total operating expenses grew 9.6% on an annual basis to 1.173 trillion rupiah from 1.070 trillion rupiah.
Reported net income decreased 20.4% on an annual basis to 58.84 billion rupiah, or 18.28 rupiah per share, from 73.93 billion rupiah, or 25.24 rupiah per share.
As of Nov. 9, US$1 was equivalent to 13,698 rupiah.