PT Bukit Uluwatu Villa Tbk said its first-quarter normalized net income was a loss of 2.44 rupiah per share, compared with a loss of 2.43 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 a loss of 7.55 billion rupiah, compared with a loss of 6.83 billion rupiah in the prior-year period.
The normalized profit margin dropped to negative 20.6% from negative 19.2% in the year-earlier period.
Total revenue came to 35.77 billion rupiah, compared with 35.52 billion rupiah in the prior-year period, and total operating expenses rose on an annual basis to 41.92 billion rupiah from 41.12 billion rupiah.
Reported net income totaled a loss of 12.46 billion rupiah, or a loss of 4.03 rupiah per share, compared to a loss of 11.23 billion rupiah, or a loss of 4.00 rupiah per share, in the year-earlier period.
As of April 28, US$1 was equivalent to 12,935 rupiah.
