PT Tunas Baru Lampung Tbk said its first-quarter normalized net income was 13.30 rupiah per share, a decrease of 37.5% from 21.30 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 71.08 billion rupiah, a decrease of 32.5% from 105.26 billion rupiah in the year-earlier period.
The normalized profit margin fell to 4.9% from 9.1% in the year-earlier period.
Total revenue rose 16.1% on an annual basis to 1.345 trillion rupiah from 1.158 trillion rupiah, and total operating expenses grew 15.5% on an annual basis to 1.145 trillion rupiah from 991.52 billion rupiah.
Reported net income fell 30.9% from the prior-year period to 90.89 billion rupiah, or 17.01 rupiah per share, from 131.57 billion rupiah, or 26.62 rupiah per share.
As of April 30, US$1 was equivalent to 12,980 rupiah.
