trending Market Intelligence /marketintelligence/en/news-insights/trending/CLYo2nJrdmSq1XdAzadcTQ2 content esgSubNav
In This List

Fortune Parts Industry Q2 profit falls YOY

Blog

Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure


Fortune Parts Industry Q2 profit falls YOY

Fortune Parts Industry Public Co. Ltd. said its second-quarter normalized net income came to 3 satang per share, a decline of 15.4% from 4 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 43.2 million baht, a decrease of 11.6% from 48.9 million baht in the prior-year period.

The normalized profit margin dropped to 9.4% from 10.8% in the year-earlier period.

Total revenue increased on an annual basis to 461.3 million baht from 453.9 million baht, and total operating expenses rose 7.7% year over year to 395.2 million baht from 367.0 million baht.

Reported net income declined 16.4% year over year to 50.3 million baht, or 4 satang per share, from 60.1 million baht, or 5 satang per share.

As of Aug. 11, US$1 was equivalent to 35.39 baht.