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Food & Drinks PCL Q1 loss narrows YOY

Food & Drinks PCL said its normalized net income for the first quarter was a loss of 52 satang per share, compared with a loss of 1.06 baht 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 7.8 million baht, compared with a loss of 15.9 million baht in the year-earlier period.

The normalized profit margin climbed to negative 4.9% from negative 24.4% in the year-earlier period.

Total revenue grew on an annual basis to 158.8 million baht from 64.9 million baht, and total operating expenses grew 82.7% from the prior-year period to 167.3 million baht from 91.6 million baht.

Reported net income came to a loss of 12.8 million baht, or a loss of 85 satang per share, compared to a loss of 19.7 million baht, or a loss of 1.31 baht per share, in the prior-year period.

As of May 13, US$1 was equivalent to 35.48 baht.