trending Market Intelligence /marketintelligence/en/news-insights/trending/QAZOf7PpVSyQ3kU1pAxhoQ2 content esgSubNav
In This List

Thai Luxe Enterprises swings to profit in Q1

Case Study

Financial Data Provider Quickly Realizes Value of Upgraded Charting Solution


Insight Weekly: Sustainable bonds face hurdles; bad loans among landlords; AI investments up


European banking sector outlook 2023


No disruption on the road to digitization

Thai Luxe Enterprises swings to profit in Q1

Thai Luxe Enterprises Public Company Ltd said its first-quarter normalized net income was 8.2 million baht, compared with a loss of 2.8 million baht in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to 2.1% from negative 0.6% in the year-earlier period.

Total revenue fell year over year to 453.8 million baht from 473.0 million baht, and total operating expenses decreased 7.7% year over year to 439.8 million baht from 476.3 million baht.

Reported net income came to 10.3 million baht, or 2 satang per share, compared to a loss of 3.9 million baht, or a loss of 1 satang per share, in the prior-year period.

As of May 14, US$1 was equivalent to 33.48 baht.