Muramoto Electron (Thailand) Public Co. Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, amounted to 5.75 baht per share, a decrease from 5.83 baht per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 120.2 million baht, a decrease from 121.9 million baht in the prior-year period.
The normalized profit margin rose to 3.0% from 2.6% in the year-earlier period.
Total revenue fell 12.1% on an annual basis to 4.04 billion baht from 4.60 billion baht, and total operating expenses fell 12.7% on an annual basis to 3.85 billion baht from 4.41 billion baht.
Reported net income declined 27.3% from the prior-year period to 155.0 million baht, or 7.41 baht per share, from 213.2 million baht, or 10.20 baht per share.
As of Feb. 12, US$1 was equivalent to 35.62 baht.
