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.
