PT Centratama Telekomunikasi Indonesia Tbk said its normalized net income for the first quarter was a loss of 47 Indonesian sen per share, compared with a loss of 1.05 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 a loss of 4.88 billion rupiah, compared with a loss of 7.78 billion rupiah in the prior-year period.
The normalized profit margin rose to negative 17.2% from negative 32.4% in the year-earlier period.
Total revenue increased 18.2% on an annual basis to 28.42 billion rupiah from 24.05 billion rupiah, and total operating expenses rose 32.8% from the prior-year period to 38.16 billion rupiah from 28.74 billion rupiah.
Reported net income came to a loss of 9.39 billion rupiah, or a loss of 90 sen per share, compared to a loss of 10.35 billion rupiah, or a loss of 1.39 rupiah per share, in the year-earlier period.
As of May 2, US$1 was equivalent to 13,157.50 rupiah.
