Buriram Sugar Public Company Ltd said its first-quarter normalized net income was 11 satang per share, a decline of 8.1% from 12 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 94.0 million baht, a decrease of 5.7% from 99.7 million baht in the year-earlier period.
The normalized profit margin fell to 6.4% from 7.2% in the year-earlier period.
Total revenue increased 6.7% on an annual basis to 1.48 billion baht from 1.39 billion baht, and total operating expenses climbed 8.1% from the prior-year period to 1.31 billion baht from 1.22 billion baht.
Reported net income fell 12.0% on an annual basis to 123.7 million baht, or 15 satang per share, from 140.6 million baht, or 18 satang per share.
As of May 13, US$1 was equivalent to 35.48 baht.