PT Austindo Nusantara Jaya Tbk said its normalized net income for the first quarter came to $1.8 million, a decline of 55.1% from $3.9 million in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin dropped to 6.4% from 12.2% in the year-earlier period.
Total revenue climbed on an annual basis to $32.7 million from $32.1 million, and total operating expenses grew 6.1% on an annual basis to $29.0 million from $27.3 million.
Reported net income decreased 78.2% year over year to $845,410, or 0 cents per share, from $3.9 million, or 0 cents per share.
