Oishi Group Public Company Ltd said its first-quarter normalized net income was 30 satang per share, a decline of 19.6% from 38 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 56.8 million baht, a decline of 19.6% from 70.6 million baht in the prior-year period.
The normalized profit margin fell to 1.9% from 2.6% in the year-earlier period.
Total revenue grew 10.8% on an annual basis to 3.03 billion baht from 2.74 billion baht, and total operating expenses climbed 12.3% on an annual basis to 2.92 billion baht from 2.60 billion baht.
Reported net income fell 19.7% on an annual basis to 93.4 million baht, or 50 satang per share, from 116.3 million baht, or 62 satang per share.
As of May 12, US$1 was equivalent to 33.74 baht.
