trending Market Intelligence /marketintelligence/en/news-insights/trending/paAuWxuCp5medR9wgje9eA2 content esgSubNav
In This List

Thai Rung Union Car Q3 profit falls YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Thai Rung Union Car Q3 profit falls YOY

Thai Rung Union Car Public Company Ltd said its third-quarter normalized net income came to 5 satang per share, a decrease from 5 satang per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 28.7 million baht, a decline from 29.8 million baht in the year-earlier period.

The normalized profit margin rose to 5.7% from 5.3% in the year-earlier period.

Total revenue fell 10.7% year over year to 503.0 million baht from 563.0 million baht, and total operating expenses declined 8.9% on an annual basis to 496.2 million baht from 544.8 million baht.

Reported net income increased 5.6% on an annual basis to 46.1 million baht, or 8 satang per share, from 43.7 million baht, or 7 satang per share.

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