P.C.S. Machine Group Holding Public Company Ltd said its third-quarter normalized net income came to 6 satang per share, a decline of 22.0% 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 92.2 million baht, a decline of 23.0% from 119.8 million baht in the year-earlier period.

The normalized profit margin fell to 8.6% from 11.4% in the year-earlier period.

Total revenue grew on an annual basis to 1.08 billion baht from 1.05 billion baht, and total operating expenses grew 8.3% from the prior-year period to 941.0 million baht from 868.5 million baht.

Reported net income decreased 23.5% on an annual basis to 146.3 million baht, or 10 satang per share, from 191.2 million baht, or 12 satang per share.

As of Nov. 10, US$1 was equivalent to 35.89 baht.