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Siam Wellness Q1 profit climbs YOY

Siam Wellness Group Public Company Ltd said its first-quarter normalized net income was 18.4 million baht, a gain from 3.8 million baht in the year-earlier period.

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

The normalized profit margin climbed to 15.7% from 5.1% in the year-earlier period.

Total revenue rose 56.2% on an annual basis to 117.6 million baht from 75.3 million baht, and total operating expenses climbed 28.8% on an annual basis to 87.5 million baht from 67.9 million baht.

Reported net income rose on an annual basis to 23.7 million baht, or 4 satang per share, from 4.9 million baht, or 1 satang per share.

As of May 11, US$1 was equivalent to 33.71 baht.