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ICC International Q1 profit falls YOY

I.C.C. International Public Company Ltd said its normalized net income for the first quarter amounted to 24 satang per share, a decline from 25 satang per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 70.7 million baht, a decline from 72.0 million baht in the year-earlier period.

The normalized profit margin fell to 2.4% from 2.5% in the year-earlier period.

Total revenue rose on an annual basis to 2.94 billion baht from 2.89 billion baht, and total operating expenses climbed on an annual basis to 2.88 billion baht from 2.83 billion baht.

Reported net income increased 17.6% on an annual basis to 92.4 million baht, or 32 satang per share, from 78.6 million baht, or 27 satang per share.

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