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Food & Drinks PCL Q3 loss narrows YOY

Food & Drinks PCL said its normalized net income for the third quarter was a loss of 39 satang per share, compared with a loss of 73 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 a loss of 5.9 million baht, compared with a loss of 10.9 million baht in the prior-year period.

The normalized profit margin climbed to negative 3.8% from negative 8.5% in the year-earlier period.

Total revenue climbed 19.7% on an annual basis to 154.2 million baht from 128.8 million baht, and total operating expenses rose 12.4% from the prior-year period to 162.9 million baht from 144.9 million baht.

Reported net income totaled a loss of 7.3 million baht, or a loss of 49 satang per share, compared to a loss of 12.9 million baht, or a loss of 86 satang per share, in the prior-year period.

As of Nov. 11, US$1 was equivalent to 35.84 baht.