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PCS Machine Group Q1 profit falls YOY

P.C.S. Machine Group Holding Public Company Ltd said its normalized net income for the first quarter amounted to 8 satang per share, a decrease of 28.2% from 12 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 128.4 million baht, a decrease of 11.3% from 144.8 million baht in the year-earlier period.

The normalized profit margin fell to 11.6% from 13.1% in the year-earlier period.

Total revenue totaled 1.11 billion baht, compared with 1.10 billion baht in the year-earlier period, and total operating expenses rose from the prior-year period to 911.5 million baht from 871.3 million baht.

Reported net income fell 11.9% from the prior-year period to 203.6 million baht, or 13 satang per share, from 231.0 million baht, or 19 satang per share.

As of May 12, US$1 was equivalent to 33.74 baht.