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Sekar Bumi Q2 profit climbs 35.4% YOY

PT Sekar Bumi Tbk said its normalized net income for the second quarter was 11.58 rupiah per share, an increase of 25.1% from 9.25 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 10.84 billion rupiah, a gain of 35.4% from 8.01 billion rupiah in the year-earlier period.

The normalized profit margin rose to 3.0% from 2.5% in the year-earlier period.

Total revenue grew 9.7% on an annual basis to 354.61 billion rupiah from 323.12 billion rupiah, and total operating expenses climbed 7.4% year over year to 336.26 billion rupiah from 313.22 billion rupiah.

Reported net income increased 18.0% on an annual basis to 10.98 billion rupiah, or 11.73 rupiah per share, from 9.31 billion rupiah, or 10.75 rupiah per share.

As of Aug. 5, US$1 was equivalent to 13,530 rupiah.