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Com7 Q2 profit climbs 24.9% YOY

Com7 Public Company Ltd said its normalized net income for the second quarter came to 5 satang per share, compared with the S&P Capital IQ consensus estimate of 6 satang per share.

EPS declined year over year from 6 satang.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 62.6 million baht, an increase of 24.9% from 50.1 million baht in the year-earlier period.

The normalized profit margin increased to 1.6% from 1.5% in the year-earlier period.

Total revenue climbed 17.2% year over year to 3.90 billion baht from 3.33 billion baht, and total operating expenses climbed 17.3% year over year to 3.79 billion baht from 3.23 billion baht.

Reported net income came to 80.9 million baht, or 7 satang per share, compared to 61.8 million baht, or 7 satang per share, in the prior-year period.

As of Aug. 15, US$1 was equivalent to 34.58 baht.