PT Mitra Pinasthika Mustika Tbk said its normalized net income for the first quarter amounted to 23.74 rupiah per share, compared with the S&P Capital IQ consensus estimate of 35.70 rupiah per share.
EPS fell 18.2% year over year from 29.02 rupiah.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 103.43 billion rupiah, a decline of 18.2% from 126.47 billion rupiah in the prior-year period.
The normalized profit margin fell to 2.6% from 3.5% in the year-earlier period.
Total revenue climbed 7.1% year over year to 3.901 trillion rupiah from 3.642 trillion rupiah, and total operating expenses grew 8.7% year over year to 3.694 trillion rupiah from 3.397 trillion rupiah.
Reported net income fell 23.8% from the prior-year period to 115.67 billion rupiah, or 26.55 rupiah per share, from 151.75 billion rupiah, or 34.83 rupiah per share.
As of April 28, US$1 was equivalent to 12,935 rupiah.
