PT Pembangunan Jaya Ancol Tbk said its first-quarter normalized net income was 17.86 rupiah per share, an increase of 33.1% from 13.42 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 28.57 billion rupiah, a gain of 33.1% from 21.47 billion rupiah in the year-earlier period.
The normalized profit margin rose to 12.8% from 10.0% in the year-earlier period.
Total revenue rose on an annual basis to 223.96 billion rupiah from 214.69 billion rupiah, and total operating expenses decreased from the prior-year period to 173.68 billion rupiah from 175.66 billion rupiah.
Reported net income declined 57.7% on an annual basis to 8.32 billion rupiah, or 5.20 rupiah per share, from 19.67 billion rupiah, or 12.29 rupiah per share.
As of April 30, US$1 was equivalent to 12,980 rupiah.
