PT Langgeng Makmur Industri Tbk said its normalized net income for the first quarter came to 57 Indonesian sen per share, compared with a loss of 90 sen per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 573.3 million rupiah, compared with a loss of 907.2 million rupiah in the prior-year period.
The normalized profit margin rose to 0.5% from negative 0.9% in the year-earlier period.
Total revenue totaled 104.28 billion rupiah, compared with 103.30 billion rupiah in the prior-year period, and total operating expenses decreased 7.0% on an annual basis to 92.77 billion rupiah from 99.76 billion rupiah.
Reported net income totaled 541.4 million rupiah, or 54 sen per share, compared to a loss of 1.25 billion rupiah, or a loss of 1.24 rupiah per share, in the year-earlier period.
As of April 30, US$1 was equivalent to 12,980 rupiah.
