T.Krungthai Industries Public Company Ltd said its third-quarter normalized net income amounted to 6.3 million baht, a gain from 1.5 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 climbed to 1.8% from 0.4% in the year-earlier period.

Total revenue fell 7.7% on an annual basis to 357.4 million baht from 387.1 million baht, and total operating expenses decreased 9.5% on an annual basis to 344.8 million baht from 381.1 million baht.

Reported net income grew year over year to 9.5 million baht, or 4 satang per share, from 1.2 million baht, or 1 satang per share.

As of Nov. 12, US$1 was equivalent to 35.85 baht.