PT Indomobil Sukses Internasional Tbk said its first-quarter normalized net income came to a loss of 12.99 rupiah per share, compared with 3.10 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 a loss of 35.91 billion rupiah, compared with income of 8.58 billion rupiah in the year-earlier period.
The normalized profit margin dropped to negative 0.7% from 0.2% in the year-earlier period.
Total revenue increased 10.0% on an annual basis to 5.047 trillion rupiah from 4.588 trillion rupiah, and total operating expenses rose 10.5% from the prior-year period to 4.891 trillion rupiah from 4.424 trillion rupiah.
Reported net income decreased 80.8% on an annual basis to 14.45 billion rupiah, or 5.22 rupiah per share, from 75.29 billion rupiah, or 27.23 rupiah per share.
As of April 30, US$1 was equivalent to 12,980 rupiah.
