trending Market Intelligence /marketintelligence/en/news-insights/trending/UkqLLqzmG2Qqxnc5NzKRxQ2 content esgSubNav
In This List

Siam Food Products Q3 loss narrows YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Siam Food Products Q3 loss narrows YOY

Siam Food Products PCL said its normalized net income for the third quarter came to a loss of 2.96 baht per share, compared with a loss of 4.17 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 a loss of 62.1 million baht, compared with a loss of 87.6 million baht in the prior-year period.

The normalized profit margin increased to negative 7.5% from negative 9.2% in the year-earlier period.

Total revenue decreased 12.7% year over year to 828.1 million baht from 948.1 million baht, and total operating expenses declined 22.2% year over year to 858.3 million baht from 1.10 billion baht.

Reported net income totaled a loss of 83.4 million baht, or a loss of 3.97 baht per share, compared to a loss of 136.6 million baht, or a loss of 6.51 baht per share, in the prior-year period.

As of Nov. 16, US$1 was equivalent to 35.96 baht.