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Com7 Q2 profit climbs YOY

Com7 Public Company Ltd said its normalized net income for the second quarter came to 6 satang per share, a gain of 6.6% 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 50.1 million baht, a gain from 48.8 million baht in the prior-year period.

The normalized profit margin fell to 1.5% from 1.5% in the year-earlier period.

Total revenue grew year over year to 3.32 billion baht from 3.22 billion baht, and total operating expenses grew from the prior-year period to 3.23 billion baht from 3.13 billion baht.

Reported net income increased 12.4% from the prior-year period to 61.8 million baht, or 7 satang per share, from 55.0 million baht, or 6 satang per share.

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