Airports of Thailand PCL said its normalized net income for the fiscal first quarter ended Dec. 31, 2016, amounted to 28 satang per share, compared with the S&P Capital IQ consensus estimate of 35 satang per share.
EPS climbed 11.2% year over year from 25 satang.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 4.05 billion baht, a gain of 11.2% from 3.64 billion baht in the year-earlier period.
The normalized profit margin climbed to 31.7% from 30.8% in the year-earlier period.
Total revenue rose 6.8% year over year to 12.61 billion baht from 11.81 billion baht, and total operating expenses increased 6.5% on an annual basis to 6.37 billion baht from 5.98 billion baht.
Reported net income increased 11.3% from the prior-year period to 5.08 billion baht, or 36 satang per share, from 4.57 billion baht, or 32 satang per share.
As of Feb. 14, US$1 was equivalent to 35.03 baht.
