GFPT Public Company Ltd said its normalized net income for the first quarter was 15 satang per share, compared with the S&P Capital IQ consensus estimate of 22 satang per share.

EPS increased 39.7% year over year from 10 satang.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 182.8 million baht, a gain of 39.7% from 130.9 million baht in the prior-year period.

The normalized profit margin rose to 4.7% from 3.4% in the year-earlier period.

Total revenue increased year over year to 3.90 billion baht from 3.86 billion baht, and total operating expenses increased year over year to 3.75 billion baht from 3.68 billion baht.

Reported net income rose 26.0% year over year to 274.9 million baht, or 22 satang per share, from 218.2 million baht, or 17 satang per share.

As of May 10, US$1 was equivalent to 35.23 baht.