PT Sona Topas Tourism Industry Tbk said its first-quarter normalized net income came to 45.98 rupiah per share, a decline of 70.6% from 156.49 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 15.23 billion rupiah, a decrease of 70.6% from 51.83 billion rupiah in the prior-year period.
The normalized profit margin fell to 4.1% from 14.5% in the year-earlier period.
Total revenue increased on an annual basis to 371.09 billion rupiah from 356.85 billion rupiah, and total operating expenses rose 14.7% year over year to 327.06 billion rupiah from 285.04 billion rupiah.
Reported net income declined 77.3% on an annual basis to 15.05 billion rupiah, or 45.43 rupiah per share, from 66.13 billion rupiah, or 199.68 rupiah per share.
As of April 29, US$1 was equivalent to 12,900 rupiah.
