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Bentoel Internasional Investama Q1 loss narrows YOY

PT Bentoel Internasional Investama Tbk said its first-quarter normalized net income was a loss of 43.57 rupiah per share, compared with a loss of 51.11 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 315.41 billion rupiah, compared with a loss of 370.03 billion rupiah in the prior-year period.

The normalized profit margin increased to negative 8.7% from negative 11.3% in the year-earlier period.

Total revenue grew year over year to 3.361 trillion rupiah from 3.268 trillion rupiah, and total operating expenses declined on an annual basis to 3.623 trillion rupiah from 3.724 trillion rupiah.

Reported net income came to a loss of 384.47 billion rupiah, or a loss of 53.10 rupiah per share, compared to a loss of 451.77 billion rupiah, or a loss of 62.40 rupiah per share, in the prior-year period.

As of April 30, US$1 was equivalent to 12,980 rupiah.