Airports of Thailand PCL said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, came to 22 satang per share, compared with the S&P Capital IQ consensus estimate of 29 satang per share.
EPS increased 5.5% year over year from 21 satang.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.17 billion baht, a gain of 5.5% from 3.00 billion baht in the year-earlier period.
The normalized profit margin fell to 30.0% from 31.0% in the year-earlier period.
Total revenue grew 8.7% year over year to 10.54 billion baht from 9.70 billion baht, and total operating expenses grew 11.8% from the prior-year period to 5.59 billion baht from 5.00 billion baht.
Reported net income rose from the prior-year period to 3.91 billion baht, or 27 satang per share, from 3.77 billion baht, or 26 satang per share.
As of Feb. 13, US$1 was equivalent to 32.57 baht.