Thaitheparos Public Company Ltd said its normalized net income for the second quarter was 21 satang per share, a gain of 7.8% from 20 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 76.4 million baht, a gain of 7.8% from 70.9 million baht in the year-earlier period.

The normalized profit margin increased to 11.5% from 10.3% in the year-earlier period.

Total revenue declined on an annual basis to 661.9 million baht from 685.5 million baht, and total operating expenses decreased 5.8% year over year to 539.2 million baht from 572.3 million baht.

Reported net income rose 7.5% from the prior-year period to 97.6 million baht, or 27 satang per share, from 90.8 million baht, or 25 satang per share.

As of Aug. 11, US$1 was equivalent to 35.39 baht.