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Food & Drinks PCL Q4 loss widens YOY

Food & Drinks PCL said its normalized net income for the fourth quarter was a loss of 97 satang per share, compared with a loss of 45 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 a loss of 14.5 million baht, compared with a loss of 6.7 million baht in the year-earlier period.

The normalized profit margin declined to negative 10.2% from negative 4.7% in the year-earlier period.

Total revenue came to 142.1 million baht, compared with 141.9 million baht in the prior-year period, and total operating expenses grew 7.8% on an annual basis to 162.3 million baht from 150.6 million baht.

Reported net income totaled a loss of 40.3 million baht, or a loss of 2.69 baht per share, compared to a loss of 8.6 million baht, or a loss of 57 satang per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 3.31 baht per share, compared with a loss of 1.37 baht per share in the prior year.

Normalized net income was a loss of 49.7 million baht, compared with a loss of 20.5 million baht in the prior year.

Full-year total revenue declined from the prior-year period to 477.0 million baht from 486.8 million baht, and total operating expenses increased 6.3% year over year to 556.6 million baht from 523.4 million baht.

The company said reported net income totaled a loss of 82.5 million baht, or a loss of 5.50 baht per share, in the full year, compared with a loss of 24.5 million baht, or a loss of 1.63 baht per share, the prior year.

As of Feb. 29, US$1 was equivalent to 35.64 baht.