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TS Flour Mill Q1 profit climbs 42.1% YOY

TS Flour Mill PCL said its normalized net income for the first quarter came to 4 satang per share, a gain of 42.1% from 3 satang per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 12.0 million baht, a gain of 42.1% from 8.5 million baht in the prior-year period.

The normalized profit margin increased to 4.4% from 3.1% in the year-earlier period.

Total revenue totaled 271.9 million baht, compared with 272.1 million baht in the prior-year period, and total operating expenses decreased on an annual basis to 252.7 million baht from 258.5 million baht.

Reported net income increased 42.1% on an annual basis to 15.4 million baht, or 5 satang per share, from 10.8 million baht, or 4 satang per share.

As of May 12, US$1 was equivalent to 33.74 baht.