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Home Pottery Q2 profit falls YOY

Home Pottery Public Company Ltd said its second-quarter normalized net income amounted to 1.1 million baht, a fall of 65.4% from 3.3 million baht in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to 4.1% from 10.2% in the year-earlier period.

Total revenue declined 13.7% on an annual basis to 27.5 million baht from 31.8 million baht, and total operating expenses fell year over year to 25.3 million baht from 26.1 million baht.

Reported net income fell 65.0% year over year to 1.8 million baht, or 0 satang per share, from 5.2 million baht, or 1 satang per share.

As of Aug. 11, US$1 was equivalent to 35.39 baht.