I.C.C. International Public Co. Ltd said its normalized net income for the second quarter came to 1.24 baht per share, a gain of 36.9% from 90 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 360.1 million baht, an increase of 36.9% from 263.0 million baht in the year-earlier period.

The normalized profit margin increased to 11.9% from 8.6% in the year-earlier period.

Total revenue decreased on an annual basis to 3.03 billion baht from 3.07 billion baht, and total operating expenses totaled 3.02 billion baht, compared with 3.04 billion baht in the year-earlier period.

Reported net income grew 39.5% from the prior-year period to 562.8 million baht, or 1.94 baht per share, from 403.5 million baht, or 1.39 baht per share.

As of Aug. 8, US$1 was equivalent to 35.01 baht.