After You Public Company Ltd said its normalized net income for the third quarter came to 3 satang per share, a gain of 25.8% from 2 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 17.7 million baht, a gain of 30.5% from 13.5 million baht in the year-earlier period.

The normalized profit margin dropped to 11.7% from 12.3% in the year-earlier period.

Total revenue rose 37.6% year over year to 150.9 million baht from 109.6 million baht, and total operating expenses grew 39.0% on an annual basis to 120.6 million baht from 86.8 million baht.

Reported net income rose 33.5% on an annual basis to 22.8 million baht, or 4 satang per share, from 17.1 million baht, or 3 satang per share.

As of Dec. 22, US$1 was equivalent to 36.02 baht.