Fortune Parts Industry Public Co. Ltd. said its normalized net income for the third quarter was 3 satang per share, a gain of 9.6% from 3 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 43.0 million baht, a gain of 27.6% from 33.7 million baht in the prior-year period.

The normalized profit margin rose to 9.5% from 7.3% in the year-earlier period.

Total revenue declined on an annual basis to 451.8 million baht from 464.6 million baht, and total operating expenses declined 7.7% on an annual basis to 372.7 million baht from 403.6 million baht.

Reported net income rose 16.3% on an annual basis to 56.0 million baht, or 4 satang per share, from 48.1 million baht, or 4 satang per share.

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