trending Market Intelligence /marketintelligence/en/news-insights/trending/n269URvqyLFi2t-zREnc3A2 content esgSubNav
In This List

Thai Steel Cable fiscal Q2 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Thai Steel Cable fiscal Q2 profit falls YOY

Thai Steel Cable Public Company Ltd said its normalized net income for the fiscal second quarter ended March 31 was 8 satang per share, a decrease of 27.0% from 11 satang per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 20.6 million baht, a decline of 27.0% from 28.2 million baht in the year-earlier period.

The normalized profit margin dropped to 2.8% from 4.0% in the year-earlier period.

Total revenue grew 6.5% year over year to 744.0 million baht from 698.7 million baht, and total operating expenses climbed 8.8% year over year to 707.0 million baht from 649.7 million baht.

Reported net income decreased 27.4% on an annual basis to 32.9 million baht, or 13 satang per share, from 45.3 million baht, or 17 satang per share.

As of May 12, US$1 was equivalent to 33.74 baht.