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Thai Steel Cable fiscal Q1 profit falls YOY

4912440 said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, came to 6 satang per share, a decrease from 6 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 15.8 million baht, a decline from 16.1 million baht in the year-earlier period.

The normalized profit margin climbed to 2.5% from 2.3% in the year-earlier period.

Total revenue decreased 11.9% on an annual basis to 624.7 million baht from 709.3 million baht, and total operating expenses decreased 12.4% from the prior-year period to 595.5 million baht from 679.8 million baht.

Reported net income fell 13.7% on an annual basis to 22.3 million baht, or 9 satang per share, from 25.9 million baht, or 10 satang per share.

s of Feb. 9, US$1 was equivalent to 35.38 baht.Thai Steel Cable Public Company Ltd

4912440 said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, came to 6 satang per share, a decrease from 6 satang per share in the year-earlier period.