PT Ramayana Lestari Sentosa Tbk said its normalized net income for the first quarter was 28 Indonesian sen per share, compared with the S&P Capital IQ consensus estimate of 7.90 rupiah per share.
EPS fell 92.3% year over year from 3.57 rupiah.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.96 billion rupiah, a decrease of 92.3% from 25.35 billion rupiah in the year-earlier period.
The normalized profit margin fell to 0.2% from 1.6% in the year-earlier period.
Total revenue decreased on an annual basis to 1.492 trillion rupiah from 1.546 trillion rupiah, and total operating expenses totaled 1.525 trillion rupiah, compared with 1.513 trillion rupiah in the prior-year period.
Reported net income fell 85.6% year over year to 5.86 billion rupiah, or 83 sen per share, from 40.63 billion rupiah, or 5.73 rupiah per share.
As of April 30, US$1 was equivalent to 12,980 rupiah.
