Com7 Public Company Ltd said its normalized net income for the first quarter amounted to 6 satang per share, a decline of 15.4% from 7 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 70.6 million baht, a gain of 20.7% from 58.5 million baht in the prior-year period.

The normalized profit margin increased to 1.8% from 1.5% in the year-earlier period.

Total revenue came to 3.98 billion baht, compared with 3.96 billion baht in the prior-year period, and total operating expenses totaled 3.87 billion baht, compared with 3.85 billion baht in the prior-year period.

Reported net income increased 24.9% year over year to 88.7 million baht, or 7 satang per share, from 71.0 million baht, or 8 satang per share.

As of May 11, US$1 was equivalent to 35.21 baht.