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Com7 Q3 profit climbs 73.0% YOY

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Com7 Q3 profit climbs 73.0% YOY

Com7 Public Company Ltd said its normalized net income for the third quarter came to 3 satang per share, a gain of 47.0% from 2 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 28.5 million baht, a gain of 73.0% from 16.5 million baht in the prior-year period.

The normalized profit margin rose to 0.9% from 0.5% in the year-earlier period.

Total revenue climbed 9.9% year over year to 3.33 billion baht from 3.03 billion baht, and total operating expenses climbed 9.4% on an annual basis to 3.28 billion baht from 2.99 billion baht.

Reported net income came to 30.3 million baht, or 3 satang per share, compared to 25.7 million baht, or 3 satang per share, in the year-earlier period.

As of Nov. 12, US$1 was equivalent to 35.85 baht.