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Eratex Djaja Q1 profit climbs 92.1% YOY

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.