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Big Camera Corp. Q2 profit climbs YOY

Big Camera Corp. PCL said its normalized net income for the second quarter was 56.7 million baht, a rise from 3.0 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 5.8% from 0.4% in the year-earlier period.

Total revenue rose 42.0% on an annual basis to 983.7 million baht from 692.5 million baht, and total operating expenses rose 29.6% on an annual basis to 888.7 million baht from 685.8 million baht.

Reported net income totaled 70.8 million baht, or 2 satang per share, compared to a loss of 35.0 million baht, or a loss of 1 satang per share, in the prior-year period.

As of Aug. 11, US$1 was equivalent to 35.39 baht.