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Siam Global House Q3 profit climbs 61.7% YOY

Siam Global House PCL said its normalized net income for the third quarter came to 4 satang per share, a gain of 61.7% from 3 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 165.3 million baht, an increase of 61.7% from 102.2 million baht in the prior-year period.

The normalized profit margin increased to 4.2% from 2.7% in the year-earlier period.

Total revenue increased 5.4% on an annual basis to 3.95 billion baht from 3.74 billion baht, and total operating expenses rose from the prior-year period to 3.66 billion baht from 3.55 billion baht.

Reported net income increased 61.6% on an annual basis to 211.4 million baht, or 6 satang per share, from 130.8 million baht, or 3 satang per share.

As of Nov. 11, US$1 was equivalent to 35.84 baht.