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.