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Karmarts Q2 profit climbs 8.6% YOY

Karmarts PCL said its normalized net income for the second quarter amounted to 5 satang per share, compared with the S&P Capital IQ consensus estimate of 5 satang per share.

EPS increased 11.7% year over year from 4 satang.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 39.6 million baht, a gain of 8.6% from 36.5 million baht in the prior-year period.

The normalized profit margin declined to 13.5% from 15.2% in the year-earlier period.

Total revenue grew 22.1% year over year to 293.3 million baht from 240.2 million baht, and total operating expenses climbed 25.7% year over year to 227.5 million baht from 181.0 million baht.

Reported net income increased 39.8% year over year to 64.6 million baht, or 7 satang per share, from 46.2 million baht, or 5 satang per share.

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