PT Pudjiadi & Sons Tbk said its fourth-quarter normalized net income amounted to 10.56 rupiah per share, a decline of 4.9% from 11.11 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 8.43 billion rupiah, a decline of 4.9% from 8.86 billion rupiah in the year-earlier period.

The normalized profit margin declined to 12.1% from 12.9% in the year-earlier period.

Total revenue increased year over year to 69.71 billion rupiah from 68.97 billion rupiah, and total operating expenses came to 56.31 billion rupiah, compared with 56.29 billion rupiah in the year-earlier period.

Reported net income increased from the prior-year period to 4.22 billion rupiah, or 5.29 rupiah per share, from 945.6 million rupiah, or 1.19 rupiah per share.

For the year, the company's normalized net income totaled 9.02 rupiah per share, a decrease of 54.9% from 19.97 rupiah per share in the prior year.

Normalized net income was 7.19 billion rupiah, a fall of 54.9% from 15.93 billion rupiah in the prior year.

Full-year total revenue fell 8.2% from the prior-year period to 225.84 billion rupiah from 245.97 billion rupiah, and total operating expenses declined year over year to 197.63 billion rupiah from 200.54 billion rupiah.

The company said reported net income fell 58.9% year over year to 8.35 billion rupiah, or 10.47 rupiah per share, in the full year, from 20.35 billion rupiah, or 25.51 rupiah per share.

As of March 29, US$1 was equivalent to 13,367.50 rupiah.