President Bakery Public Company Ltd said its normalized net income for the first quarter came to 41 satang per share, a gain of 16.6% from 36 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 186.3 million baht, an increase of 16.6% from 159.8 million baht in the prior-year period.
The normalized profit margin climbed to 11.1% from 10.0% in the year-earlier period.
Total revenue grew 6.0% on an annual basis to 1.69 billion baht from 1.59 billion baht, and total operating expenses grew from the prior-year period to 1.39 billion baht from 1.33 billion baht.
Reported net income grew 16.2% from the prior-year period to 269.9 million baht, or 60 satang per share, from 232.3 million baht, or 52 satang per share.
As of May 13, US$1 was equivalent to 33.55 baht.
