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Somboon Advance Technology profit misses consensus by 33.5% in Q3

Somboon Advance Technology Public Company Ltd said its third-quarter normalized net income amounted to 28 satang per share, compared with the S&P Capital IQ consensus estimate of 42 satang per share.

EPS rose 20.2% year over year from 23 satang.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 118.8 million baht, an increase of 20.2% from 98.8 million baht in the year-earlier period.

The normalized profit margin climbed to 5.2% from 4.8% in the year-earlier period.

Total revenue climbed 12.1% year over year to 2.29 billion baht from 2.04 billion baht, and total operating expenses climbed 12.1% year over year to 2.08 billion baht from 1.86 billion baht.

Reported net income rose 26.4% from the prior-year period to 180.2 million baht, or 42 satang per share, from 142.5 million baht, or 34 satang per share.

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