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Thai Stanley Electric fiscal Q3 profit falls YOY

Thai Stanley Electric PCL said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 2.78 baht per share, a decline of 18.5% from 3.41 baht per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 213.2 million baht, a decline of 18.5% from 261.5 million baht in the year-earlier period.

The normalized profit margin fell to 9.1% from 10.6% in the year-earlier period.

Total revenue fell on an annual basis to 2.34 billion baht from 2.46 billion baht, and total operating expenses fell from the prior-year period to 2.06 billion baht from 2.09 billion baht.

Reported net income rose on an annual basis to 349.9 million baht, or 4.57 baht per share, from 335.0 million baht, or 4.37 baht per share.

As of Jan. 30, US$1 was equivalent to 32.77 baht.