PT Matahari Putra Prima Tbk said its first-quarter normalized net income came to 12.51 rupiah per share, a gain of 42.6% from 8.78 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 67.30 billion rupiah, a gain of 42.6% from 47.19 billion rupiah in the year-earlier period.
The normalized profit margin increased to 2.0% from 1.5% in the year-earlier period.
Total revenue increased 7.1% year over year to 3.347 trillion rupiah from 3.126 trillion rupiah, and total operating expenses climbed 6.1% on an annual basis to 3.245 trillion rupiah from 3.057 trillion rupiah.
Reported net income rose 60.1% from the prior-year period to 81.58 billion rupiah, or 15.17 rupiah per share, from 50.97 billion rupiah, or 9.48 rupiah per share.
As of April 30, US$1 was equivalent to 12,980 rupiah.
