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DNA 2002 Q1 loss widens YOY

DNA 2002 PCL said its first-quarter normalized net income amounted to a loss of 32.6 million baht, compared with a loss of 7.9 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 negative 13.2% from negative 2.2% in the year-earlier period.

Total revenue decreased 32.7% on an annual basis to 247.0 million baht from 366.9 million baht, and total operating expenses fell 14.1% on an annual basis to 339.9 million baht from 395.7 million baht.

Reported net income totaled a loss of 62.9 million baht, or a loss of 2 satang per share, compared to a loss of 18.1 million baht, or a loss of 0 satang per share, in the year-earlier period.

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