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Panorama Sentrawisata Q1 profit climbs 85.2% YOY

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Panorama Sentrawisata Q1 profit climbs 85.2% YOY

PT Panorama Sentrawisata Tbk said its normalized net income for the first quarter amounted to 5.08 rupiah per share, an increase of 85.2% from 2.74 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 6.10 billion rupiah, an increase of 85.2% from 3.29 billion rupiah in the prior-year period.

The normalized profit margin rose to 1.5% from 0.9% in the year-earlier period.

Total revenue climbed 15.7% year over year to 406.66 billion rupiah from 351.41 billion rupiah, and total operating expenses grew 16.4% on an annual basis to 382.23 billion rupiah from 328.40 billion rupiah.

Reported net income rose 10.2% year over year to 8.26 billion rupiah, or 6.89 rupiah per share, from 7.50 billion rupiah, or 6.25 rupiah per share.

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