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TAC Consumer Q3 profit climbs YOY

T.A.C. Consumer Public Company Ltd said its normalized net income for the third quarter was 3 satang per share, a decrease of 43.1% from 6 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 12.1 million baht, an increase from 6.0 million baht in the year-earlier period.

The normalized profit margin climbed to 4.9% from 2.3% in the year-earlier period.

Total revenue declined on an annual basis to 248.1 million baht from 254.6 million baht, and total operating expenses fell 6.5% from the prior-year period to 228.5 million baht from 244.5 million baht.

Reported net income rose from the prior-year period to 15.3 million baht, or 4 satang per share, from 7.6 million baht, or 8 satang per share.

As of Nov. 12, US$1 was equivalent to 35.85 baht.