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Chumporn Palm Oil Industry Q3 loss narrows YOY

Chumporn Palm Oil Industry Public Co. Ltd said its third-quarter normalized net income was a loss of 155,000 baht, compared with a loss of 10.1 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 rose to negative 0.0% from negative 1.0% in the year-earlier period.

Total revenue climbed 35.1% on an annual basis to 1.40 billion baht from 1.04 billion baht, and total operating expenses climbed 32.1% on an annual basis to 1.39 billion baht from 1.05 billion baht.

Reported net income totaled 61,000 baht, or 0 satang per share, compared to a loss of 10.8 million baht, or a loss of 2 satang per share, in the prior-year period.

As of Nov. 9, US$1 was equivalent to 34.98 baht.