PT Prasidha Aneka Niaga Tbk said its first-quarter normalized net income came to a loss of 5.48 rupiah per share, compared with 3.70 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 a loss of 7.89 billion rupiah, compared with income of 5.33 billion rupiah in the year-earlier period.
The normalized profit margin fell to negative 3.8% from 1.9% in the year-earlier period.
Total revenue fell 27.6% year over year to 207.32 billion rupiah from 286.43 billion rupiah, and total operating expenses declined 25.3% from the prior-year period to 207.33 billion rupiah from 277.67 billion rupiah.
Reported net income came to a loss of 13.68 billion rupiah, or a loss of 9.50 rupiah per share, compared to income of 7.33 billion rupiah, or 5.09 rupiah per share, in the year-earlier period.
As of April 30, US$1 was equivalent to 12,980 rupiah.
