Modernform Group PCL said its first-quarter normalized net income was 8 satang per share, a decrease of 23.6% from 10 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 59.9 million baht, a decline of 23.6% from 78.4 million baht in the prior-year period.
The normalized profit margin dropped to 5.7% from 6.3% in the year-earlier period.
Total revenue climbed year over year to 1.29 billion baht from 1.24 billion baht, and total operating expenses rose 5.8% from the prior-year period to 1.17 billion baht from 1.10 billion baht.
Reported net income fell 20.7% year over year to 81.1 million baht, or 11 satang per share, from 102.2 million baht, or 14 satang per share.
As of May 12, US$1 was equivalent to 33.74 baht.
