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Banking Essentials Newsletter: 17th April Edition

ThaiTheparos Q3 profit climbs 10.6% YOY

Thaitheparos Public Company Ltd said its normalized net income for the third quarter was 19 satang per share, a gain of 10.6% from 17 satang per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 69.4 million baht, a gain of 10.6% from 62.7 million baht in the year-earlier period.

The normalized profit margin climbed to 10.5% from 9.9% in the year-earlier period.

Total revenue grew 5.1% year over year to 663.1 million baht from 631.1 million baht, and total operating expenses increased from the prior-year period to 552.2 million baht from 530.9 million baht.

Reported net income grew 9.0% from the prior-year period to 87.4 million baht, or 24 satang per share, from 80.2 million baht, or 22 satang per share.

As of Nov. 11, US$1 was equivalent to 35.84 baht.