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Asian Phytoceuticals Q1 profit falls YOY

Asian Phytoceuticals Public Company Ltd said its normalized net income for the first quarter was 17.4 million baht, a decrease of 21.8% from 22.3 million baht in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to 18.1% from 22.2% in the year-earlier period.

Total revenue declined year over year to 96.4 million baht from 100.4 million baht, and total operating expenses climbed 5.4% year over year to 70.1 million baht from 66.4 million baht.

Reported net income fell 22.1% on an annual basis to 22.2 million baht, or 1 satang per share, from 28.5 million baht, or 1 satang per share.

As of May 13, US$1 was equivalent to 33.55 baht.