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ICC International Q3 profit climbs 73.4% YOY

I.C.C. International Public Co. Ltd said its normalized net income for the third quarter amounted to 38 satang per share, an increase of 73.3% from 22 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 110.3 million baht, a gain of 73.4% from 63.6 million baht in the prior-year period.

The normalized profit margin rose to 3.5% from 2.1% in the year-earlier period.

Total revenue grew year over year to 3.13 billion baht from 2.99 billion baht, and total operating expenses increased year over year to 3.07 billion baht from 2.95 billion baht.

Reported net income grew 65.7% on an annual basis to 142.2 million baht, or 49 satang per share, from 85.8 million baht, or 30 satang per share.

As of Nov. 4, US$1 was equivalent to 34.96 baht.