trending Market Intelligence /marketintelligence/en/news-insights/trending/vZfCq-ydSRd9vr-F059lRA2 content esgSubNav
In This List

United Palm Oil Industry swings to loss in Q1

Case Study

An International Logistics Company Streamlines Transfer Pricing for Its Extensive Network of Subsidiaries

Podcast

Next in Tech | Episode 168: AI Data Strategies

Podcast

Street Talk | Episode 126: Hunting the bears, making the bull case for CRE

Blog

Investment Banking Essentials May 15


United Palm Oil Industry swings to loss in Q1

United Palm Oil Industry PCL said its normalized net income for the first quarter came to a loss of 5 satang per share, compared with 7 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 a loss of 17.8 million baht, compared with income of 24.2 million baht in the year-earlier period.

The normalized profit margin fell to negative 4.7% from 11.8% in the year-earlier period.

Total revenue increased 84.4% on an annual basis to 377.3 million baht from 204.7 million baht, and total operating expenses climbed from the prior-year period to 404.1 million baht from 163.7 million baht.

Reported net income totaled a loss of 22.7 million baht, or a loss of 7 satang per share, compared to income of 34.1 million baht, or 11 satang per share, in the prior-year period.

As of May 14, US$1 was equivalent to 33.48 baht.