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Kaset Thai Q3 profit climbs YOY

Kaset Thai International Sugar Corp. Public Company Ltd said its normalized net income for the third quarter came to 10 satang per share, an increase from 4 satang per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 368.6 million baht, an increase from 153.9 million baht in the year-earlier period.

The normalized profit margin rose to 6.4% from 3.0% in the year-earlier period.

Total revenue climbed 12.2% year over year to 5.75 billion baht from 5.12 billion baht, and total operating expenses grew year over year to 5.01 billion baht from 4.79 billion baht.

Reported net income grew year over year to 540.4 million baht, or 14 satang per share, from 231.6 million baht, or 6 satang per share.

As of Nov. 16, US$1 was equivalent to 35.96 baht.