Thai Stanley Electric Public Co. Ltd said its normalized net income for the fiscal first quarter ended June 30 amounted to 1.84 baht per share, compared with the S&P Capital IQ consensus estimate of 3.67 baht per share.
EPS declined 11.7% year over year from 2.09 baht.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 141.2 million baht, a decline of 11.7% from 159.8 million baht in the year-earlier period.
The normalized profit margin fell to 5.8% from 7.8% in the year-earlier period.
Total revenue rose 18.1% year over year to 2.42 billion baht from 2.05 billion baht, and total operating expenses grew 22.9% year over year to 2.24 billion baht from 1.82 billion baht.
Reported net income decreased 13.9% year over year to 176.1 million baht, or 2.30 baht per share, from 204.5 million baht, or 2.67 baht per share.
As of Aug. 5, US$1 was equivalent to 35.19 baht.