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Moong Pattana International Q1 profit climbs 10.4% YOY

Moong Pattana International Public Company Ltd said its normalized net income for the first quarter amounted to 6 satang per share, an increase of 9.6% from 5 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 7.1 million baht, an increase of 10.4% from 6.4 million baht in the prior-year period.

The normalized profit margin climbed to 4.6% from 3.6% in the year-earlier period.

Total revenue fell 13.4% on an annual basis to 155.6 million baht from 179.6 million baht, and total operating expenses declined 11.2% on an annual basis to 159.7 million baht from 179.8 million baht.

Reported net income grew 38.5% from the prior-year period to 13.0 million baht, or 11 satang per share, from 9.4 million baht, or 8 satang per share.

As of May 11, US$1 was equivalent to 33.71 baht.