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Oishi Group Q3 profit climbs YOY

Oishi Group Public Company Ltd said its normalized net income for the third quarter came to 61 satang per share, an increase from 7 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 114.8 million baht, an increase from 12.3 million baht in the year-earlier period.

The normalized profit margin rose to 3.7% from 0.4% in the year-earlier period.

Total revenue rose 7.0% year over year to 3.11 billion baht from 2.90 billion baht, and total operating expenses came to 2.90 billion baht, compared with 2.89 billion baht in the year-earlier period.

Reported net income increased year over year to 184.4 million baht, or 98 satang per share, from 33.1 million baht, or 18 satang per share.

As of Nov. 10, US$1 was equivalent to 35.89 baht.