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Premier Marketing Q2 profit climbs 34.0% YOY

Premier Marketing Public Company Ltd said its second-quarter normalized net income was 11 satang per share, a gain of 34.0% from 8 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 67.4 million baht, an increase of 34.0% from 50.3 million baht in the year-earlier period.

The normalized profit margin increased to 6.7% from 5.0% in the year-earlier period.

Total revenue came to 1.00 billion baht, compared with 1.01 billion baht in the year-earlier period, and total operating expenses fell year over year to 892.6 million baht from 923.3 million baht.

Reported net income rose 24.0% year over year to 89.3 million baht, or 15 satang per share, from 72.0 million baht, or 12 satang per share.

As of Aug. 10, US$1 was equivalent to 35.12 baht.