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TV Direct Q2 profit climbs 86.2% YOY

TV Direct PCL said its second-quarter normalized net income came to 2 satang per share, a gain of 86.2% from 1 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 12.4 million baht, an increase of 86.2% from 6.7 million baht in the year-earlier period.

The normalized profit margin rose to 1.3% from 0.9% in the year-earlier period.

Total revenue rose 24.7% year over year to 875.1 million baht from 701.5 million baht, and total operating expenses increased 24.8% on an annual basis to 845.1 million baht from 677.2 million baht.

Reported net income rose 61.3% from the prior-year period to 18.5 million baht, or 3 satang per share, from 11.5 million baht, or 2 satang per share.

As of Aug. 11, US$1 was equivalent to 34.73 baht.