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Tiphone Mobile Indonesia Q1 profit climbs 40.5% YOY

PT Tiphone Mobile Indonesia Tbk said its normalized net income for the first quarter was 9.77 rupiah per share, a gain of 19.5% from 8.18 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 71.31 billion rupiah, a gain of 40.5% from 50.76 billion rupiah in the prior-year period.

The normalized profit margin rose to 1.8% from 1.7% in the year-earlier period.

Total revenue grew 35.3% year over year to 4.058 trillion rupiah from 3.000 trillion rupiah, and total operating expenses grew 33.9% year over year to 3.896 trillion rupiah from 2.910 trillion rupiah.

Reported net income grew 44.2% year over year to 87.56 billion rupiah, or 12.00 rupiah per share, from 60.71 billion rupiah, or 9.78 rupiah per share.

As of April 30, US$1 was equivalent to 12,980 rupiah.