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Thai HA Q3 loss narrows YOY

Thai HA Public Company Ltd said its third-quarter normalized net income was a loss of 3 satang per share, compared with a loss of 5 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 a loss of 9.2 million baht, compared with a loss of 11.0 million baht in the prior-year period.

The normalized profit margin increased to negative 3.4% from negative 3.9% in the year-earlier period.

Total revenue decreased 5.8% on an annual basis to 269.9 million baht from 286.5 million baht, and total operating expenses declined 8.2% from the prior-year period to 276.2 million baht from 300.9 million baht.

Reported net income came to a loss of 14.7 million baht, or a loss of 5 satang per share, compared to a loss of 17.7 million baht, or a loss of 8 satang per share, in the prior-year period.

As of Nov. 10, US$1 was equivalent to 35.89 baht.