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MK Restaurant Q3 profit climbs 38.1% YOY


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MK Restaurant Q3 profit climbs 38.1% YOY

MK Restaurant Group Public Co. Ltd. said its normalized net income for the third quarter amounted to 42 satang per share, an increase of 37.9% from 31 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 390.6 million baht, a gain of 38.1% from 282.9 million baht in the prior-year period.

The normalized profit margin climbed to 10.3% from 8.0% in the year-earlier period.

Total revenue grew 7.4% year over year to 3.79 billion baht from 3.53 billion baht, and total operating expenses climbed on an annual basis to 3.19 billion baht from 3.13 billion baht.

Reported net income grew 37.7% from the prior-year period to 505.9 million baht, or 55 satang per share, from 367.5 million baht, or 40 satang per share.

As of Nov. 11, US$1 was equivalent to 35.43 baht.