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Khon Kaen Sugar Industry fiscal Q1 profit falls YOY

Khon Kaen Sugar Industry Public Company Ltd said its normalized net income for the fiscal first quarter ended Jan. 31 was 6 satang per share, a decrease of 7.6% 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 246.1 million baht, a decline of 7.6% from 266.5 million baht in the year-earlier period.

The normalized profit margin climbed to 8.2% from 7.3% in the year-earlier period.

Total revenue decreased on an annual basis to 3.49 billion baht from 3.64 billion baht, and total operating expenses fell from the prior-year period to 2.94 billion baht from 3.08 billion baht.

Reported net income declined 7.4% year over year to 396.0 million baht, or 9 satang per share, from 427.8 million baht, or 10 satang per share.

As of March 10, US$1 was equivalent to 32.72 baht.