PT Industri Jamu dan Farmasi Sido Muncul Tbk said its normalized net income for the first quarter came to 6.42 rupiah per share, a gain from 6.13 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 96.34 billion rupiah, an increase from 91.88 billion rupiah in the year-earlier period.
The normalized profit margin rose to 18.9% from 17.7% in the year-earlier period.
Total revenue declined on an annual basis to 509.42 billion rupiah from 520.03 billion rupiah, and total operating expenses fell 7.4% from the prior-year period to 368.75 billion rupiah from 398.37 billion rupiah.
Reported net income grew on an annual basis to 118.03 billion rupiah, or 7.87 rupiah per share, from 115.91 billion rupiah, or 7.73 rupiah per share.
As of April 30, US$1 was equivalent to 12,980 rupiah.
