PT Dharma Samudera Fishing Industries Tbk said its first-quarter normalized net income came to 1.69 rupiah per share, an increase of 61.1% from 1.05 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 3.13 billion rupiah, an increase of 61.1% from 1.94 billion rupiah in the prior-year period.
The normalized profit margin increased to 2.3% from 1.9% in the year-earlier period.
Total revenue increased 30.5% year over year to 136.54 billion rupiah from 104.63 billion rupiah, and total operating expenses increased 30.2% on an annual basis to 129.43 billion rupiah from 99.39 billion rupiah.
Reported net income increased 34.5% year over year to 3.78 billion rupiah, or 2.03 rupiah per share, from 2.81 billion rupiah, or 1.51 rupiah per share.
As of April 29, US$1 was equivalent to 12,900 rupiah.
