PT Selamat Sempurna Tbk said its normalized net income for the first quarter came to 11.17 rupiah per share, a decrease of 6.2% from 11.91 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 64.33 billion rupiah, a decline of 6.2% from 68.58 billion rupiah in the prior-year period.
The normalized profit margin dropped to 10.8% from 10.9% in the year-earlier period.
Total revenue decreased 5.1% year over year to 596.91 billion rupiah from 628.99 billion rupiah, and total operating expenses fell year over year to 484.88 billion rupiah from 507.88 billion rupiah.
Reported net income decreased from the prior-year period to 80.21 billion rupiah, or 13.93 rupiah per share, from 83.12 billion rupiah, or 14.43 rupiah per share.
As of April 30, US$1 was equivalent to 12,980 rupiah.
