PT Hanjaya Mandala Sampoerna Tbk said its normalized net income for the second quarter was 16.13 rupiah per share, a decline of 7.8% from 17.50 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 1.767 trillion rupiah, a decline of 7.8% from 1.917 trillion rupiah in the year-earlier period.
The normalized profit margin dropped to 14.5% from 16.0% in the year-earlier period.
Total revenue increased year over year to 12.213 trillion rupiah from 11.974 trillion rupiah, and total operating expenses grew 7.0% year over year to 9.388 trillion rupiah from 8.772 trillion rupiah.
Reported net income decreased 7.2% on an annual basis to 2.112 trillion rupiah, or 19.28 rupiah per share, from 2.276 trillion rupiah, or 20.77 rupiah per share.
As of Aug. 7, US$1 was equivalent to 13,539 rupiah.
