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BGT Corp. swings to profit in Q1

BGT Corp. PCL said its first-quarter normalized net income amounted to 3.0 million baht, compared with a loss of 10.6 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 increased to 1.1% from negative 6.2% in the year-earlier period.

Total revenue increased 10.8% year over year to 190.2 million baht from 171.8 million baht, and total operating expenses fell from the prior-year period to 183.7 million baht from 186.3 million baht.

Reported net income came to 2.5 million baht, or 1 satang per share, compared to a loss of 13.7 million baht, or a loss of 4 satang per share, in the year-earlier period.

As of May 14, US$1 was equivalent to 33.48 baht.