Thai Stanley Electric PCL said its normalized net income for the fiscal fourth quarter ended March 31 came to 3.74 baht per share, an increase of 28.6% from 2.91 baht per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 286.8 million baht, a gain of 28.6% from 223.0 million baht in the prior-year period.
The normalized profit margin rose to 10.4% from 9.3% in the year-earlier period.
Total revenue climbed 15.0% year over year to 2.75 billion baht from 2.39 billion baht, and total operating expenses increased 13.0% from the prior-year period to 2.39 billion baht from 2.12 billion baht.
Reported net income decreased 8.4% on an annual basis to 368.1 million baht, or 4.80 baht per share, from 401.8 million baht, or 5.24 baht per share.
For the year, the company's normalized net income totaled 11.00 baht per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 13.41 baht.
EPS declined 21.2% from 13.96 baht in the prior year.
Normalized net income was 843.0 million baht, a decrease of 21.2% from 1.07 billion baht in the prior year.
Full-year total revenue declined 7.3% from the prior-year period to 9.52 billion baht from 10.27 billion baht, and total operating expenses decreased year over year to 8.42 billion baht from 8.78 billion baht.
The company said reported net income decreased 22.2% on an annual basis to 1.16 billion baht, or 15.11 baht per share, in the full year, from 1.49 billion baht, or 19.41 baht per share.
As of May 22, US$1 was equivalent to 33.49 baht.