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Somboon Advance Technology profit misses consensus by 42.2% in Q1

4910426 said its normalized net income for the first quarter was 30 satang per share, compared with the S&P Capital IQ consensus estimate of 53 satang per share.

EPS increased 8.8% year over year from 28 satang.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 129.0 million baht, an increase of 8.8% from 118.5 million baht in the year-earlier period.

The normalized profit margin fell to 5.3% from 5.6% in the year-earlier period.

Total revenue increased 15.4% year over year to 2.45 billion baht from 2.13 billion baht, and total operating expenses rose 16.2% on an annual basis to 2.23 billion baht from 1.92 billion baht.

eported net income grew 15.0% on an annual b Somboon Advance Technology Public Company Ltd