Patum Rice Mill and Granary Public Company Ltd said its normalized net income for the first quarter amounted to 4.5 million baht, compared with a loss of 290,500 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 rose to 1.1% from negative 0.1% in the year-earlier period.
Total revenue grew 6.1% on an annual basis to 450.3 million baht from 424.5 million baht, and total operating expenses climbed year over year to 442.4 million baht from 423.8 million baht.
Reported net income totaled 5.5 million baht, or 1 satang per share, compared to a loss of 1.6 million baht, or a loss of 0 satang per share, in the prior-year period.
As of May 11, US$1 was equivalent to 33.71 baht.
