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Textile Prestige full-year profit climbs 20.4% YOY

Textile Prestige PCL said its normalized net income for the full year amounted to 78 satang per share, a gain of 20.4% from 65 satang per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 84.7 million baht, a gain of 20.4% from 70.4 million baht in the prior-year period.

The normalized profit margin rose to 9.1% from 7.4% in the year-earlier period.

Total revenue fell on an annual basis to 931.7 million baht from 952.6 million baht, and total operating expenses fell from the prior-year period to 858.4 million baht from 893.1 million baht.

Reported net income rose 23.7% on an annual basis to 129.5 million baht, or 1.20 baht per share, from 104.7 million baht, or 97 satang per share.

As of Feb. 26, US$1 was equivalent to 35.74 baht.