trending Market Intelligence /marketintelligence/en/news-insights/trending/uY4_-SJFCC1z4XbqhJanqA2 content esgSubNav
In This List

Indo Kordsa Q1 profit climbs 52.3% YOY

Case Study

A Green Lender Adopts a Robust Approach for Assessing Project Finance Credit Risks

Podcast

MediaTalk | Season 2
Ep.1: Broadcast's Big Year

Blog

Global M&A by the Numbers Q4 2023

Blog

Banking Essentials Newsletter 21st February Edition


Indo Kordsa Q1 profit climbs 52.3% YOY

PT Indo Kordsa Tbk said its first-quarter normalized net income came to $3.5 million, an increase of 52.3% from $2.3 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 rose to 6.7% from 4.6% in the year-earlier period.

Total revenue rose on an annual basis to $52.1 million from $50.0 million, and total operating expenses totaled $44.4 million, compared with $44.1 million in the prior-year period.

Reported net income rose 67.7% year over year to $4.4 million, or 1 cents per share, from $2.6 million, or 1 cents per share.