Buriram Sugar Public Company Ltd said its normalized net income for the first quarter amounted to 106.7 million baht, an increase of 62.3% from 65.7 million baht in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin increased to 7.2% from 6.6% in the year-earlier period.
Total revenue grew 38.8% on an annual basis to 1.39 billion baht from 999.7 million baht, and total operating expenses grew 39.1% year over year to 1.21 billion baht from 870.0 million baht.
Reported net income increased 64.4% on an annual basis to 140.6 million baht, or 17 satang per share, from 85.6 million baht.
As of May 12, US$1 was equivalent to 33.74 baht.
