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ThaiTheparos Q1 profit falls YOY

Thaitheparos Public Company Ltd said its first-quarter normalized net income amounted to 22 satang per share, a decrease of 8.1% from 23 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 77.6 million baht, a decline of 8.1% from 84.4 million baht in the year-earlier period.

The normalized profit margin declined to 11.2% from 12.1% in the year-earlier period.

Total revenue came to 691.9 million baht, compared with 697.7 million baht in the year-earlier period, and total operating expenses came to 567.3 million baht, compared with 563.4 million baht in the year-earlier period.

Reported net income declined 8.2% from the prior-year period to 99.1 million baht, or 28 satang per share, from 107.9 million baht, or 30 satang per share.

As of May 11, US$1 was equivalent to 33.71 baht.