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Com7 Q1 profit climbs 43.3% YOY

Com7 Public Company Ltd said its normalized net income for the first quarter was 7 satang per share, an increase of 37.0% from 5 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 58.5 million baht, an increase of 43.3% from 40.8 million baht in the year-earlier period.

The normalized profit margin climbed to 1.5% from 1.0% in the year-earlier period.

Total revenue totaled 3.96 billion baht, compared with 3.93 billion baht in the year-earlier period, and total operating expenses came to 3.85 billion baht, compared with 3.86 billion baht in the year-earlier period.

Reported net income rose 39.4% from the prior-year period to 71.0 million baht, or 8 satang per share, from 50.9 million baht, or 6 satang per share.

As of Aug. 7, US$1 was equivalent to 35.16 baht.