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Textile Prestige Q3 profit falls YOY

4913344 said its normalized net income for the third quarter came to 2 satang per share, a decrease of 88.7% from 15 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 1.9 million baht, a decline of 88.7% from 16.5 million baht in the prior-year period.

The normalized profit margin increased to 9.3% from 3.7% in the year-earlier period.

Total revenue grew year over year to 457.6 million baht from 452.3 million baht, and total operating expenses rose 5.9% on an annual basis to 471.0 million baht from 444.8 million baht.

Reported net income came to a loss of 1.1 million baht, or a loss of 1 satang per share, compared to income of 20.3 million baht, or 19 satang per share, in the prior-year period.

s of Nov. 12, US$1 was equivalent to 35.85 baht.Textile Prestige PCL

4913344 said its normalized net income for the third quarter came to 2 satang per share, a decrease of 88.7% from 15 satang per share in the year-earlier period.