TV Direct PCL said its normalized net income for the first quarter was a loss of 2 satang per share, compared with 3 satang per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 10.0 million baht, compared with income of 21.3 million baht in the year-earlier period.
The normalized profit margin declined to negative 1.6% from 3.3% in the year-earlier period.
Total revenue rose on an annual basis to 655.7 million baht from 639.1 million baht, and total operating expenses rose 10.5% from the prior-year period to 668.5 million baht from 604.9 million baht.
Reported net income decreased 99.7% on an annual basis to 64,240 baht, or 0 satang per share, from 25.6 million baht, or 4 satang per share.
As of May 12, US$1 was equivalent to 33.74 baht.
