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S. Khonkaen Foods Q3 profit climbs YOY

S. Khonkaen Foods PCL said its third-quarter normalized net income amounted to 79 satang per share, an increase from 78 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 19.2 million baht, an increase from 19.0 million baht in the prior-year period.

The normalized profit margin dropped to 3.3% from 3.5% in the year-earlier period.

Total revenue rose 8.2% year over year to 588.9 million baht from 544.0 million baht, and total operating expenses grew 8.3% year over year to 551.6 million baht from 509.3 million baht.

Reported net income increased 14.8% on an annual basis to 27.5 million baht, or 1.13 baht per share, from 24.0 million baht, or 99 satang per share.

As of Nov. 11, US$1 was equivalent to 35.84 baht.