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Castle Peak Holdings Q1 loss narrows YOY

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Castle Peak Holdings Q1 loss narrows YOY

Castle Peak Holdings Public Company Ltd said its first-quarter normalized net income was a loss of 32 satang per share, compared with a loss of 46 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 a loss of 12.9 million baht, compared with a loss of 18.3 million baht in the year-earlier period.

The normalized profit margin increased to negative 6.2% from negative 8.9% in the year-earlier period.

Total revenue declined on an annual basis to 197.7 million baht from 206.9 million baht, and total operating expenses fell 9.3% year over year to 217.4 million baht from 239.8 million baht.

Reported net income totaled a loss of 22.1 million baht, or a loss of 55 satang per share, compared to a loss of 30.3 million baht, or a loss of 76 satang per share, in the year-earlier period.

As of May 13, US$1 was equivalent to 33.55 baht.