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Oishi Group Q2 profit climbs YOY

Oishi Group Public Company Ltd said its second-quarter normalized net income was 1.66 baht per share, an increase from 67 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 310.9 million baht, an increase from 124.7 million baht in the prior-year period.

The normalized profit margin increased to 8.0% from 3.5% in the year-earlier period.

Total revenue grew 8.5% on an annual basis to 3.87 billion baht from 3.57 billion baht, and total operating expenses totaled 3.36 billion baht, compared with 3.34 billion baht in the prior-year period.

Reported net income increased from the prior-year period to 469.1 million baht, or 2.50 baht per share, from 189.3 million baht, or 1.01 baht per share.

As of Aug. 9, US$1 was equivalent to 34.90 baht.