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Thanulux profit holds mostly steady YOY in Q3

Thanulux PCL said its normalized net income for the third quarter amounted to 19 satang per share, compared with 19 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 22.2 million baht, compared with 22.3 million baht in the prior-year period.

The normalized profit margin rose to 4.2% from 4.0% in the year-earlier period.

Total revenue declined on an annual basis to 526.8 million baht from 551.2 million baht, and total operating expenses fell from the prior-year period to 516.9 million baht from 536.2 million baht.

Reported net income decreased 5.0% from the prior-year period to 34.2 million baht, or 29 satang per share, from 36.0 million baht, or 30 satang per share.

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