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CPR Gomu Industrial Q3 profit climbs YOY

CPR Gomu Industrial Public Company Ltd said its third-quarter normalized net income amounted to 5 satang per share, an increase from 5 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 10.9 million baht, a gain from 10.7 million baht in the prior-year period.

The normalized profit margin rose to 9.5% from 9.5% in the year-earlier period.

Total revenue rose on an annual basis to 115.4 million baht from 112.6 million baht, and total operating expenses totaled 97.1 million baht, compared with 97.9 million baht in the prior-year period.

Reported net income declined 7.7% from the prior-year period to 13.7 million baht, or 7 satang per share, from 14.8 million baht, or 7 satang per share.

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