PT Eratex Djaja Tbk said its first-quarter normalized net income came to $518,590, a rise of 92.1% from $269,930 in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin climbed to 3.2% from 1.6% in the year-earlier period.
Total revenue declined on an annual basis to $16.2 million from $16.8 million, and total operating expenses decreased 6.3% year over year to $15.1 million from $16.1 million.
Reported net income increased 89.1% on an annual basis to $844,560, or 0 cents per share, from $446,540, or 0 cents per share.
