PT Multi Prima Sejahtera Tbk said its first-quarter normalized net income was 4.94 rupiah per share, a decline of 63.4% from 13.51 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 525.3 million rupiah, a decline of 63.3% from 1.43 billion rupiah in the year-earlier period.
The normalized profit margin declined to 4.4% from 10.4% in the year-earlier period.
Total revenue fell 14.0% on an annual basis to 11.82 billion rupiah from 13.75 billion rupiah, and total operating expenses fell 14.0% on an annual basis to 12.04 billion rupiah from 13.99 billion rupiah.
Reported net income declined 61.7% on an annual basis to 883.5 million rupiah, or 8.31 rupiah per share, from 2.31 billion rupiah, or 21.80 rupiah per share.
As of April 30, US$1 was equivalent to 12,980 rupiah.
