PT Tigaraksa Satria Tbk said its first-quarter normalized net income amounted to 39.60 rupiah per share, an increase of 30.9% from 30.25 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 36.37 billion rupiah, an increase of 30.9% from 27.79 billion rupiah in the year-earlier period.
The normalized profit margin increased to 1.5% from 1.3% in the year-earlier period.
Total revenue grew 9.0% on an annual basis to 2.362 trillion rupiah from 2.168 trillion rupiah, and total operating expenses grew 8.5% from the prior-year period to 2.286 trillion rupiah from 2.107 trillion rupiah.
Reported net income grew 31.5% from the prior-year period to 44.01 billion rupiah, or 47.91 rupiah per share, from 33.47 billion rupiah, or 36.44 rupiah per share.
As of April 30, US$1 was equivalent to 12,980 rupiah.
