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OHTL Q1 profit climbs 47.6% YOY

OHTL Public Company Ltd said its normalized net income for the first quarter was 7.41 baht per share, a gain of 47.6% from 5.02 baht per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 111.9 million baht, an increase of 47.6% from 75.8 million baht in the prior-year period.

The normalized profit margin increased to 17.6% from 13.8% in the year-earlier period.

Total revenue grew 15.9% on an annual basis to 635.5 million baht from 548.5 million baht, and total operating expenses climbed 6.2% year over year to 461.2 million baht from 434.4 million baht.

Reported net income increased 48.4% on an annual basis to 145.5 million baht, or 9.63 baht per share, from 98.0 million baht, or 6.49 baht per share.

As of April 24, US$1 was equivalent to 32.57 baht.