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Sawit Sumbermas Q1 profit climbs 15.0% YOY

4910371 said its first-quarter normalized net income amounted to 18.92 rupiah per share, an increase of 15.0% from 16.45 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 180.23 billion rupiah, a gain of 15.0% from 156.66 billion rupiah in the prior-year period.

The normalized profit margin rose to 27.3% from 26.0% in the year-earlier period.

Total revenue increased 14.1% on an annual basis to 688.31 billion rupiah from 603.17 billion rupiah, and total operating expenses grew 19.9% on an annual basis to 376.00 billion rupiah from 313.53 billion rupiah.

eported net income grew 17.2% year over year to PT Sawit Sumbermas Sarana Tbk.