VGI PCL said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 3 satang per share, compared with the S&P Capital IQ consensus estimate of 3 satang per share.
EPS fell 13.5% year over year from 3 satang.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 173.0 million baht, a decline of 13.5% from 200.1 million baht in the prior-year period.
The normalized profit margin rose to 32.6% from 24.9% in the year-earlier period.
Total revenue decreased 33.9% year over year to 531.3 million baht from 803.9 million baht, and total operating expenses fell 45.9% year over year to 264.5 million baht from 489.0 million baht.
Reported net income declined 22.9% from the prior-year period to 232.1 million baht, or 3 satang per share, from 300.8 million baht, or 4 satang per share.
As of Jan. 26, US$1 was equivalent to 35.83 baht.
