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Premier Marketing Q4 profit falls YOY

Premier Marketing Public Company Ltd said its normalized net income for the fourth quarter amounted to 15 satang per share, a decrease from 16 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 92.6 million baht, a decline from 97.3 million baht in the year-earlier period.

The normalized profit margin fell to 8.6% from 9.2% in the year-earlier period.

Total revenue grew 7.1% year over year to 1.13 billion baht from 1.05 billion baht, and total operating expenses increased 9.0% year over year to 985.9 million baht from 904.9 million baht.

Reported net income totaled 132.6 million baht, or 22 satang per share, compared to 131.4 million baht, or 22 satang per share, in the prior-year period.

For the year, the company's normalized net income totaled 55 satang per share, an increase from 54 satang per share in the prior year.

Normalized net income was 328.2 million baht, a rise from 323.2 million baht in the prior year.

Full-year total revenue rose from the prior-year period to 4.27 billion baht from 4.09 billion baht, and total operating expenses rose on an annual basis to 3.72 billion baht from 3.55 billion baht.

The company said reported net income increased year over year to 433.2 million baht, or 72 satang per share, in the full year, from 428.4 million baht, or 72 satang per share.

As of Feb. 25, US$1 was equivalent to 35.66 baht.