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Yuasa Battery (Thailand) Q3 profit climbs 14.6% YOY

Yuasa Battery (Thailand) PCL said its third-quarter normalized net income was 2 satang per share, a gain of 14.6% from 2 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 1.9 million baht, an increase of 14.6% from 1.7 million baht in the prior-year period.

The normalized profit margin climbed to 0.5% from 0.4% in the year-earlier period.

Total revenue climbed on an annual basis to 409.5 million baht from 402.4 million baht, and total operating expenses rose on an annual basis to 405.7 million baht from 401.5 million baht.

Reported net income increased year over year to 3.2 million baht, or 3 satang per share, from 3.1 million baht, or 3 satang per share.

As of Nov. 10, US$1 was equivalent to 35.89 baht.