trending Market Intelligence /marketintelligence/en/news-insights/trending/lf6-KeF4Hs0vRHgK7rKtxw2 content esgSubNav
In This List

IT CITY Q3 profit climbs 45.9% YOY

Blog

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Global M&A By the Numbers: Q1 2022

Blog

Insight Weekly: Earnings forecasts for US banks; corporate deleveraging; LatAm currency gains


IT CITY Q3 profit climbs 45.9% YOY

IT CITY Public Company Ltd said its normalized net income for the third quarter amounted to 3.2 million baht, a rise of 45.9% from 2.2 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 climbed to 0.3% from 0.2% in the year-earlier period.

Total revenue fell on an annual basis to 1.24 billion baht from 1.29 billion baht, and total operating expenses declined year over year to 1.24 billion baht from 1.29 billion baht.

Reported net income grew 27.3% on an annual basis to 4.9 million baht, or 1 satang per share, from 3.8 million baht, or 1 satang per share.

As of Nov. 10, US$1 was equivalent to 35.89 baht.