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ND Rubber Q3 profit falls YOY

N.D. Rubber PCL said its third-quarter normalized net income came to 4 satang per share, a decline of 48.6% from 8 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 8.9 million baht, a decrease of 26.4% from 12.1 million baht in the year-earlier period.

The normalized profit margin declined to 4.5% from 6.0% in the year-earlier period.

Total revenue declined year over year to 200.5 million baht from 202.7 million baht, and total operating expenses came to 183.5 million baht, compared with 184.5 million baht in the year-earlier period.

Reported net income decreased 27.9% from the prior-year period to 11.6 million baht, or 5 satang per share, from 16.0 million baht, or 11 satang per share.

As of Nov. 9, US$1 was equivalent to 35.94 baht.