PT Nippon Indosari Corpindo Tbk said its normalized net income for the first quarter came to 11.08 rupiah per share, a gain of 9.6% from 10.11 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 56.08 billion rupiah, an increase of 9.6% from 51.19 billion rupiah in the year-earlier period.
The normalized profit margin declined to 10.7% from 11.0% in the year-earlier period.
Total revenue climbed 11.7% year over year to 518.86 billion rupiah from 464.60 billion rupiah, and total operating expenses grew 8.2% year over year to 412.74 billion rupiah from 381.38 billion rupiah.
Reported net income increased 9.6% on an annual basis to 67.12 billion rupiah, or 13.26 rupiah per share, from 61.25 billion rupiah, or 12.10 rupiah per share.
As of April 24, US$1 was equivalent to 12,948 rupiah.
