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City Sports & Recreation Q3 profit falls YOY

City Sports and Recreation Public Company Ltd said its third-quarter normalized net income amounted to 51 satang per share, a decrease of 9.3% from 56 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 10.5 million baht, a decrease of 9.3% from 11.6 million baht in the year-earlier period.

The normalized profit margin declined to 29.4% from 32.3% in the year-earlier period.

Total revenue fell on an annual basis to 34.3 million baht from 35.8 million baht, and total operating expenses fell on an annual basis to 20.8 million baht from 21.4 million baht.

Reported net income decreased 9.2% year over year to 14.1 million baht, or 69 satang per share, from 15.5 million baht, or 76 satang per share.

As of Nov. 8, US$1 was equivalent to 34.98 baht.