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S. Khonkaen Foods Q1 profit climbs 11.8% YOY

S. Khonkaen Foods PCL said its normalized net income for the first quarter amounted to 1.09 baht per share, a gain of 11.8% from 98 satang per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 26.5 million baht, a gain of 11.8% from 23.7 million baht in the prior-year period.

The normalized profit margin increased to 4.7% from 4.5% in the year-earlier period.

Total revenue climbed 7.8% on an annual basis to 567.2 million baht from 526.2 million baht, and total operating expenses climbed 7.7% on an annual basis to 521.1 million baht from 483.9 million baht.

Reported net income increased 10.4% from the prior-year period to 33.6 million baht, or 1.39 baht per share, from 30.4 million baht, or 1.25 baht per share.

As of May 13, US$1 was equivalent to 33.55 baht.