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Pudjiadi Prestige Q3 profit climbs 75.0% YOY

PT Pudjiadi Prestige Tbk said its third-quarter normalized net income amounted to 11.57 rupiah per share, a gain of 75.0% from 6.61 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 3.81 billion rupiah, an increase of 75.0% from 2.18 billion rupiah in the prior-year period.

The normalized profit margin climbed to 15.4% from 10.4% in the year-earlier period.

Total revenue rose 18.4% year over year to 24.80 billion rupiah from 20.95 billion rupiah, and total operating expenses grew 13.2% from the prior-year period to 22.67 billion rupiah from 20.02 billion rupiah.

Reported net income grew 89.1% year over year to 5.22 billion rupiah, or 15.85 rupiah per share, from 2.76 billion rupiah, or 8.38 rupiah per share.

As of Nov. 18, US$1 was equivalent to 13,803 rupiah.