PT Central Proteina Prima Tbk said its normalized net income for the first quarter was a loss of 2.63 rupiah per share, compared with 2.44 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 a loss of 106.41 billion rupiah, compared with income of 98.55 billion rupiah in the prior-year period.
The normalized profit margin declined to negative 4.7% from 5.0% in the year-earlier period.
Total revenue increased 15.5% on an annual basis to 2.271 trillion rupiah from 1.966 trillion rupiah, and total operating expenses rose 14.4% from the prior-year period to 2.194 trillion rupiah from 1.917 trillion rupiah.
Reported net income came to a loss of 209.24 billion rupiah, or a loss of 5.17 rupiah per share, compared to income of 103.08 billion rupiah, or 2.55 rupiah per share, in the prior-year period.
As of April 30, US$1 was equivalent to 12,980 rupiah.
