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Home Pottery Q3 profit falls YOY

Home Pottery Public Company Ltd said its normalized net income for the third quarter amounted to 325,660 baht, a fall of 87.7% from 2.7 million baht in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to 1.2% from 7.5% in the year-earlier period.

Total revenue fell 24.7% year over year to 26.6 million baht from 35.3 million baht, and total operating expenses declined 15.3% year over year to 25.9 million baht from 30.6 million baht.

Reported net income fell 87.8% on an annual basis to 512,620 baht, or 0 satang per share, from 4.2 million baht, or 1 satang per share.

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