Pt Wicaksana Overseas International Tbk said its first-quarter normalized net income amounted to 74 Indonesian sen per share, compared with a loss of 72 sen per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 943.9 million rupiah, compared with a loss of 915.6 million rupiah in the year-earlier period.
The normalized profit margin increased to 0.7% from negative 0.8% in the year-earlier period.
Total revenue climbed 15.2% on an annual basis to 135.66 billion rupiah from 117.73 billion rupiah, and total operating expenses grew 12.6% on an annual basis to 133.90 billion rupiah from 118.88 billion rupiah.
Reported net income fell 96.2% on an annual basis to 1.57 billion rupiah, or 1.24 rupiah per share, from 41.76 billion rupiah, or 32.91 rupiah per share.
As of April 30, US$1 was equivalent to 12,980 rupiah.
