Saha-Union Public Company Ltd said its first-quarter normalized net income came to 10 satang per share, a decrease of 62.9% from 27 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 29.3 million baht, a decline of 62.9% from 79.1 million baht in the prior-year period.
The normalized profit margin fell to 1.0% from 3.1% in the year-earlier period.
Total revenue declined 5.3% on an annual basis to 2.40 billion baht from 2.54 billion baht, and total operating expenses decreased on an annual basis to 2.25 billion baht from 2.30 billion baht.
Reported net income increased 22.2% year over year to 170.3 million baht, or 59 satang per share, from 139.3 million baht, or 48 satang per share.
As of May 13, US$1 was equivalent to 33.55 baht.
