Minor International PCL said its first-quarter normalized net income came to 25 satang per share, compared with the S&P Capital IQ consensus estimate of 35 satang per share.
EPS climbed 10.5% year over year from 23 satang.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.11 billion baht, an increase of 10.5% from 1.01 billion baht in the year-earlier period.
The normalized profit margin rose to 10.0% from 9.9% in the year-earlier period.
Total revenue climbed 9.2% year over year to 11.11 billion baht from 10.18 billion baht, and total operating expenses climbed 10.2% on an annual basis to 9.40 billion baht from 8.54 billion baht.
Reported net income grew 51.9% from the prior-year period to 2.16 billion baht, or 49 satang per share, from 1.42 billion baht, or 32 satang per share.
As of May 13, US$1 was equivalent to 33.55 baht.
