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Bayu Buana Q1 profit climbs 42.4% YOY

PT Bayu Buana Tbk said its first-quarter normalized net income came to 10.51 rupiah per share, an increase of 42.3% from 7.38 rupiah per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.71 billion rupiah, an increase of 42.4% from 2.61 billion rupiah in the prior-year period.

The normalized profit margin climbed to 1.2% from 0.7% in the year-earlier period.

Total revenue grew on an annual basis to 360.93 billion rupiah from 351.15 billion rupiah, and total operating expenses grew on an annual basis to 358.13 billion rupiah from 346.01 billion rupiah.

Reported net income rose 51.8% from the prior-year period to 5.20 billion rupiah, or 14.71 rupiah per share, from 3.42 billion rupiah, or 9.69 rupiah per share.

As of May 4, US$1 was equivalent to 13,015 rupiah.