Inoue Rubber (Thailand) PCL said its normalized net income for the fiscal second quarter ended March 31 came to 52 satang per share, an increase from 25 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 104.0 million baht, an increase from 50.2 million baht in the prior-year period.
The normalized profit margin increased to 7.3% from 3.6% in the year-earlier period.
Total revenue climbed on an annual basis to 1.43 billion baht from 1.39 billion baht, and total operating expenses declined year over year to 1.26 billion baht from 1.31 billion baht.
Reported net income rose 94.7% from the prior-year period to 138.9 million baht, or 69 satang per share, from 71.4 million baht, or 36 satang per share.
As of May 12, US$1 was equivalent to 33.74 baht.
