Ocean Glass PCL said its normalized net income for the first quarter was 1.57 baht per share, an increase of 71.8% from 91 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 33.4 million baht, an increase of 71.8% from 19.4 million baht in the year-earlier period.
The normalized profit margin climbed to 8.3% from 4.2% in the year-earlier period.
Total revenue declined 12.8% year over year to 403.0 million baht from 462.1 million baht, and total operating expenses declined 19.4% on an annual basis to 338.7 million baht from 420.4 million baht.
Reported net income came to 15.6 million baht, or 73 satang per share, compared to a loss of 28.8 million baht, or a loss of 1.35 baht per share, in the prior-year period.
As of May 12, US$1 was equivalent to 33.74 baht.
