MK Restaurant Group PCL said its normalized net income for the second quarter came to 44 satang per share, compared with the S&P Capital IQ consensus estimate of 55 satang per share.

EPS rose 28.8% year over year from 34 satang.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 400.7 million baht, an increase of 28.9% from 310.9 million baht in the prior-year period.

The normalized profit margin climbed to 10.5% from 8.4% in the year-earlier period.

Total revenue increased year over year to 3.81 billion baht from 3.69 billion baht, and total operating expenses decreased on an annual basis to 3.22 billion baht from 3.25 billion baht.

Reported net income rose 27.3% year over year to 514.3 million baht, or 56 satang per share, from 403.9 million baht, or 44 satang per share.

As of Aug. 11, US$1 was equivalent to 35.39 baht.