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Carabao Group Q2 profit climbs 9.8% YOY

Carabao Group Public Company Ltd said its second-quarter normalized net income came to 29 satang per share, a gain of 9.8% from 26 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 287.0 million baht, an increase of 9.8% from 261.5 million baht in the year-earlier period.

The normalized profit margin dropped to 12.4% from 13.0% in the year-earlier period.

Total revenue increased 15.2% on an annual basis to 2.32 billion baht from 2.01 billion baht, and total operating expenses rose 17.2% from the prior-year period to 1.87 billion baht from 1.59 billion baht.

Reported net income grew 10.6% year over year to 392.7 million baht, or 39 satang per share, from 355.2 million baht, or 36 satang per share.

As of Aug. 15, US$1 was equivalent to 34.58 baht.