Union Pioneer PCL said its normalized net income for the first quarter amounted to 67 satang per share, a decrease from 71 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 5.0 million baht, a decrease from 5.3 million baht in the year-earlier period.
The normalized profit margin increased to 3.3% from 3.1% in the year-earlier period.
Total revenue declined 9.0% year over year to 154.4 million baht from 169.7 million baht, and total operating expenses fell 9.2% year over year to 146.4 million baht from 161.2 million baht.
Reported net income decreased 14.1% on an annual basis to 6.7 million baht, or 89 satang per share, from 7.8 million baht, or 1.04 baht per share.
As of May 7, US$1 was equivalent to 33.59 baht.
