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Indo Kordsa Q3 profit climbs YOY

PT Indo Kordsa Tbk said its third-quarter normalized net income came to $3.8 million, a rise from $16,620 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 7.1% from 0.0% in the year-earlier period.

Total revenue grew on an annual basis to $53.2 million from $51.7 million, and total operating expenses fell 5.5% on an annual basis to $45.4 million from $48.0 million.

Reported net income came to $4.7 million, or 1 cents per share, compared to a loss of $389,990, or a loss of 0 cents per share, in the year-earlier period.