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IT CITY Q2 profit climbs YOY

IT CITY Public Company Ltd said its second-quarter normalized net income came to 6.3 million baht, a gain from 2.7 million baht in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 0.5% from 0.2% in the year-earlier period.

Total revenue rose on an annual basis to 1.25 billion baht from 1.23 billion baht, and total operating expenses came to 1.24 billion baht, compared with 1.23 billion baht in the prior-year period.

Reported net income increased year over year to 10.6 million baht, or 3 satang per share, from 4.8 million baht, or 1 satang per share.

As of Aug. 11, US$1 was equivalent to 34.73 baht.