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Mono Technology Q1 loss narrows YOY

Mono Technology Public Co. Ltd. said its first-quarter normalized net income came to a loss of 2 satang per share, compared with the S&P Capital IQ consensus estimate of a loss of 2 satang per share.

The per-share loss narrowed 23.8% year over year from 2 satang.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 47.0 million baht, compared with a loss of 60.8 million baht in the year-earlier period.

The normalized profit margin rose to negative 9.5% from negative 12.7% in the year-earlier period.

Total revenue grew year over year to 496.7 million baht from 479.1 million baht, and total operating expenses fell on an annual basis to 537.2 million baht from 545.1 million baht.

Reported net income came to a loss of 93.7 million baht, or a loss of 3 satang per share, compared to a loss of 87.2 million baht, or a loss of 3 satang per share, in the year-earlier period.

As of May 11, US$1 was equivalent to 35.21 baht.