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GFPT PCL profit misses consensus by 45.1% in Q1

GFPT Public Company Ltd said its normalized net income for the first quarter came to 10 satang per share, compared with the S&P Capital IQ consensus estimate of 19 satang per share.

EPS decreased 49.0% year over year from 20 satang.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 130.9 million baht, a decrease of 49.0% from 256.7 million baht in the prior-year period.

The normalized profit margin dropped to 3.4% from 6.4% in the year-earlier period.

Total revenue fell year over year to 3.86 billion baht from 4.02 billion baht, and total operating expenses came to 3.68 billion baht, compared with 3.70 billion baht in the prior-year period.

Reported net income declined 48.6% from the prior-year period to 218.2 million baht, or 17 satang per share, from 424.2 million baht, or 34 satang per share.

As of May 12, US$1 was equivalent to 33.74 baht.