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TAC Consumer Q2 profit climbs YOY

T.A.C. Consumer Public Company Ltd said its second-quarter normalized net income amounted to 6 satang per share, a decline of 40.3% from 10 satang per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 17.8 million baht, a gain from 7.8 million baht in the prior-year period.

The normalized profit margin increased to 6.5% from 2.9% in the year-earlier period.

Total revenue increased on an annual basis to 275.7 million baht from 263.6 million baht, and total operating expenses fell from the prior-year period to 246.8 million baht from 250.3 million baht.

Reported net income rose on an annual basis to 22.6 million baht, or 7 satang per share, from 9.9 million baht, or 12 satang per share.

As of Aug. 5, US$1 was equivalent to 35.19 baht.