Asian Phytoceuticals Public Company Ltd said its second-quarter normalized net income was 22.7 million baht, a gain of 48.0% from 15.4 million baht in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 21.5% from 16.5% in the year-earlier period.

Total revenue grew 13.7% on an annual basis to 105.6 million baht from 92.9 million baht, and total operating expenses increased on an annual basis to 70.7 million baht from 69.9 million baht.

Reported net income grew 43.1% from the prior-year period to 28.8 million baht, or 1 satang per share, from 20.1 million baht, or 1 satang per share.

As of Aug. 10, US$1 was equivalent to 34.75 baht.