PT Sri Rejeki Isman Tbk said its normalized net income for the first quarter amounted to $11.7 million, an increase of 10.9% from $10.6 million in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin fell to 7.3% from 7.5% in the year-earlier period.
Total revenue grew 11.1% year over year to $157.4 million from $141.7 million, and total operating expenses climbed 9.8% from the prior-year period to $131.5 million from $119.8 million.
Reported net income rose 12.3% from the prior-year period to $14.8 million, or 0 cents per share, from $13.2 million, or 0 cents per share.
