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Destinasi Tirta Nusantara Q1 profit falls YOY

PT Destinasi Tirta Nusantara Tbk said its first-quarter normalized net income came to 2.86 rupiah per share, a decline of 16.6% from 3.43 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 2.04 billion rupiah, a decrease of 16.6% from 2.45 billion rupiah in the year-earlier period.

The normalized profit margin dropped to 3.6% from 4.5% in the year-earlier period.

Total revenue rose on an annual basis to 56.47 billion rupiah from 54.96 billion rupiah, and total operating expenses totaled 52.42 billion rupiah, compared with 52.58 billion rupiah in the prior-year period.

Reported net income came to 2.25 billion rupiah, or 3.14 rupiah per share, compared to 2.24 billion rupiah, or 3.13 rupiah per share, in the prior-year period.

As of April 29, US$1 was equivalent to 12,900 rupiah.