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Pudjiadi & Sons swings to loss in Q4

4980619 said its fourth-quarter normalized net income came to a loss of 99 Indonesian sen per share, compared with 10.56 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 791.2 million rupiah, compared with income of 8.43 billion rupiah in the prior-year period.

The normalized profit margin declined to negative 1.4% from 12.1% in the year-earlier period.

Total revenue declined 19.3% on an annual basis to 56.28 billion rupiah from 69.71 billion rupiah, and total operating expenses decreased 10.4% year over year to 50.50 billion rupiah from 56.38 billion rupiah.

Reported net income totaled a loss of 2.06 billion rupiah, or a loss of 2.58 rupiah per share, compared to income of 4.22 billion rupiah, or 5.29 rupiah per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of 57 sen per share, compared with 9.02 rupiah per share in the prior year.

Normalized net income was a loss of 451.6 million rupiah, compared with income of 7.19 billion rupiah in the prior year.

Full-year total revenue amounted to 224.83 billion rupiah, compared with 225.84 billion rupiah in the prior year, and total operating expenses rose on an annual basis to 203.93 billion rupiah from 197.70 billion rupiah.

he company said reported net income totaled a loss o PT Pudjiadi & Sons Tbk