AAPICO Hitech Public Co. Ltd said its third-quarter normalized net income amounted to 27 satang per share, an increase of 29.5% from 21 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 86.0 million baht, an increase of 27.7% from 67.3 million baht in the year-earlier period.

The normalized profit margin rose to 2.4% from 1.8% in the year-earlier period.

Total revenue decreased on an annual basis to 3.62 billion baht from 3.67 billion baht, and total operating expenses came to 3.52 billion baht, compared with 3.55 billion baht in the year-earlier period.

Reported net income grew 23.7% from the prior-year period to 130.7 million baht, or 41 satang per share, from 105.7 million baht, or 33 satang per share.

As of Nov. 11, US$1 was equivalent to 35.43 baht.