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AAPICO Hitech Q2 profit climbs YOY

AAPICO Hitech Public Co. Ltd said its second-quarter normalized net income came to 24 satang per share, a gain 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 78.3 million baht, a gain from 24.8 million baht in the prior-year period.

The normalized profit margin increased to 2.1% from 0.7% in the year-earlier period.

Total revenue rose year over year to 3.68 billion baht from 3.57 billion baht, and total operating expenses totaled 3.54 billion baht, compared with 3.51 billion baht in the year-earlier period.

Reported net income rose year over year to 123.3 million baht, or 38 satang per share, from 36.8 million baht, or 11 satang per share.

As of Aug. 11, US$1 was equivalent to 34.73 baht.