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Taokaenoi Food & Marketing Q2 profit climbs YOY

Taokaenoi Food & Marketing PCL said its second-quarter normalized net income was 10 satang per share, an increase of 76.2% from 6 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 143.2 million baht, a gain from 60.1 million baht in the year-earlier period.

The normalized profit margin climbed to 12.7% from 7.4% in the year-earlier period.

Total revenue rose 38.9% on an annual basis to 1.13 billion baht from 813.7 million baht, and total operating expenses climbed 26.2% year over year to 899.8 million baht from 712.8 million baht.

Reported net income increased on an annual basis to 184.7 million baht, or 13 satang per share, from 74.9 million baht, or 7 satang per share.

As of Aug. 9, US$1 was equivalent to 34.90 baht.