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Thai Steel Cable fiscal Q2 profit climbs 51.6% YOY

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Thai Steel Cable fiscal Q2 profit climbs 51.6% YOY

4912440 said its normalized net income for the fiscal second quarter ended March 31 amounted to 12 satang per share, a gain of 51.6% from 8 satang per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 31.2 million baht, an increase of 51.6% from 20.6 million baht in the year-earlier period.

The normalized profit margin climbed to 4.4% from 2.8% in the year-earlier period.

Total revenue fell 5.4% year over year to 703.7 million baht from 744.0 million baht, and total operating expenses decreased 8.1% year over year to 650.0 million baht from 707.0 million baht.

Reported net income increased 39.8% year over year to 46.0 million baht, or 18 satang per share, from 32.9 million baht, or 13 satang per share.

s of May 11, US$1 was equivalent to 35.21 baht.Thai Steel Cable Public Company Ltd

4912440 said its normalized net income for the fiscal second quarter ended March 31 amounted to 12 satang per share, a gain of 51.6% from 8 satang per share in the prior-year period.