PT Fast Food Indonesia Tbk said its first-quarter normalized net income came to 2.76 rupiah per share, a decline of 48.7% from 5.37 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 5.50 billion rupiah, a decline of 48.7% from 10.71 billion rupiah in the year-earlier period.
The normalized profit margin declined to 0.7% from 1.1% in the year-earlier period.
Total revenue climbed on an annual basis to 1.003 trillion rupiah from 969.14 billion rupiah, and total operating expenses climbed from the prior-year period to 996.66 billion rupiah from 953.19 billion rupiah.
Reported net income fell 36.6% on an annual basis to 8.87 billion rupiah, or 4.44 rupiah per share, from 13.99 billion rupiah, or 7.01 rupiah per share.
As of April 30, US$1 was equivalent to 12,980 rupiah.
