Triton Holding PCL said its first-quarter normalized net income came to a loss of 5.0 million baht, compared with a loss of 5.7 million baht in the prior-year period.

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

The normalized profit margin declined to negative 21.0% from negative 10.2% in the year-earlier period.

Total revenue increased year over year to 265.5 million baht from 56.4 million baht, and total operating expenses climbed year over year to 264.6 million baht from 82.3 million baht.

Reported net income came to a loss of 5.9 million baht, or a loss of 0 satang per share, compared to a loss of 13.6 million baht, or a loss of 0 satang per share, in the prior-year period.

As of May 16, US$1 was equivalent to 35.39 baht.