Home Pottery Public Company Ltd said its normalized net income for the first quarter was 1.5 million baht, a decrease of 39.1% from 2.5 million baht in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin fell to 5.1% from 7.3% in the year-earlier period.
Total revenue declined 12.2% year over year to 30.4 million baht from 34.6 million baht, and total operating expenses declined 7.9% from the prior-year period to 27.6 million baht from 29.9 million baht.
Reported net income decreased 39.9% from the prior-year period to 2.5 million baht, or 1 satang per share, from 4.2 million baht, or 1 satang per share.
As of May 11, US$1 was equivalent to 33.71 baht.
