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.