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Astra Otoparts Q1 profit falls YOY

PT Astra Otoparts Tbk said its normalized net income for the first quarter came to 15.16 rupiah per share, a decline of 58.3% from 36.39 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 73.08 billion rupiah, a decrease of 58.3% from 175.40 billion rupiah in the year-earlier period.

The normalized profit margin dropped to 2.5% from 5.7% in the year-earlier period.

Total revenue decreased 7.1% year over year to 2.874 trillion rupiah from 3.094 trillion rupiah, and total operating expenses decreased 5.7% from the prior-year period to 2.782 trillion rupiah from 2.949 trillion rupiah.

Reported net income declined 67.1% on an annual basis to 87.42 billion rupiah, or 18.14 rupiah per share, from 265.51 billion rupiah, or 55.09 rupiah per share.

As of April 24, US$1 was equivalent to 12,948 rupiah.