PT Supra Boga Lestari Tbk said its normalized net income for the first quarter came to 2.35 rupiah per share, a decline of 30.8% from 3.39 rupiah per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.67 billion rupiah, a decline of 30.8% from 5.31 billion rupiah in the year-earlier period.
The normalized profit margin rose to 2.1% from 1.4% in the year-earlier period.
Total revenue climbed 18.0% year over year to 454.95 billion rupiah from 385.57 billion rupiah, and total operating expenses grew 19.1% from the prior-year period to 449.85 billion rupiah from 377.75 billion rupiah.
Reported net income fell 29.6% from the prior-year period to 4.53 billion rupiah, or 2.90 rupiah per share, from 6.43 billion rupiah, or 4.11 rupiah per share.
As of April 30, US$1 was equivalent to 12,980 rupiah.
