Karmarts PCL said its third-quarter normalized net income was 4 satang per share, a gain of 48.1% from 3 satang per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 33.6 million baht, a gain of 53.3% from 21.9 million baht in the year-earlier period.

The normalized profit margin rose to 11.1% from 8.5% in the year-earlier period.

Total revenue climbed 17.1% year over year to 301.7 million baht from 257.5 million baht, and total operating expenses climbed 11.1% from the prior-year period to 245.5 million baht from 221.1 million baht.

Reported net income rose 43.9% from the prior-year period to 37.6 million baht, or 4 satang per share, from 26.2 million baht, or 3 satang per share.

As of Nov. 12, US$1 was equivalent to 35.85 baht.