PT Wahana Pronatural Tbk said its normalized net income for the first quarter amounted to a loss of 28 Indonesian sen per share, compared with a loss of 1.03 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 a loss of 143.2 million rupiah, compared with a loss of 536.3 million rupiah in the year-earlier period.
The normalized profit margin climbed to negative 0.7% from negative 2.2% in the year-earlier period.
Total revenue declined 17.9% on an annual basis to 20.25 billion rupiah from 24.67 billion rupiah, and total operating expenses fell 20.2% year over year to 20.47 billion rupiah from 25.65 billion rupiah.
Reported net income totaled a loss of 229.2 million rupiah, or a loss of 44 sen per share, compared to a loss of 858.1 million rupiah, or a loss of 1.65 rupiah per share, in the year-earlier period.
As of April 29, US$1 was equivalent to 12,900 rupiah.
