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Thai Vegetable Oil profit misses consensus by 25.8% in Q2

Thai Vegetable Oil Public Company Ltd said its second-quarter normalized net income was 48 satang per share, compared with the S&P Capital IQ consensus estimate of 65 satang per share.

EPS climbed 11.6% year over year from 43 satang.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 389.8 million baht, an increase of 12.2% from 347.3 million baht in the year-earlier period.

The normalized profit margin climbed to 6.2% from 5.5% in the year-earlier period.

Total revenue totaled 6.29 billion baht, compared with 6.32 billion baht in the prior-year period, and total operating expenses totaled 5.71 billion baht, compared with 5.77 billion baht in the year-earlier period.

Reported net income increased 12.1% year over year to 549.5 million baht, or 68 satang per share, from 490.3 million baht, or 61 satang per share.

As of Aug. 11, US$1 was equivalent to 35.39 baht.