P.C.S. Machine Group Holding Public Company Ltd said its normalized net income for the second quarter amounted to 5 satang per share, a decrease of 37.4% from 8 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 81.2 million baht, a decrease of 37.4% from 129.6 million baht in the prior-year period.

The normalized profit margin declined to 8.1% from 12.6% in the year-earlier period.

Total revenue declined on an annual basis to 996.8 million baht from 1.03 billion baht, and total operating expenses increased 6.3% year over year to 871.5 million baht from 819.5 million baht.

Reported net income decreased 38.8% year over year to 126.4 million baht, or 8 satang per share, from 206.6 million baht, or 13 satang per share.

As of Aug. 11, US$1 was equivalent to 35.39 baht.