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Winner Group Enterprise Q3 profit climbs 79.4% YOY

Winner Group Enterprise Public Company Ltd said its third-quarter normalized net income came to 6 satang per share, a gain of 79.3% from 3 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 22.0 million baht, an increase of 79.4% from 12.3 million baht in the year-earlier period.

The normalized profit margin rose to 6.3% from 3.6% in the year-earlier period.

Total revenue totaled 338.3 million baht, compared with 339.3 million baht in the prior-year period, and total operating expenses decreased from the prior-year period to 314.9 million baht from 323.2 million baht.

Reported net income grew 80.7% year over year to 28.3 million baht, or 7 satang per share, from 15.7 million baht, or 4 satang per share.

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