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Siantar Top Q1 profit climbs 27.3% YOY

PT Siantar Top Tbk said its normalized net income for the first quarter came to 33.07 rupiah per share, an increase of 27.3% from 25.98 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 43.32 billion rupiah, an increase of 27.3% from 34.04 billion rupiah in the year-earlier period.

The normalized profit margin climbed to 6.9% from 6.5% in the year-earlier period.

Total revenue increased 19.4% year over year to 625.30 billion rupiah from 523.91 billion rupiah, and total operating expenses climbed 17.5% from the prior-year period to 543.15 billion rupiah from 462.12 billion rupiah.

Reported net income rose 18.7% on an annual basis to 51.81 billion rupiah, or 39.55 rupiah per share, from 43.64 billion rupiah, or 33.31 rupiah per share.

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