Dusit Thani Public Company Ltd said its first-quarter normalized net income came to 14 satang per share, an increase of 85.7% 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 117.8 million baht, a gain of 85.7% from 63.4 million baht in the prior-year period.

The normalized profit margin climbed to 7.6% from 4.3% in the year-earlier period.

Total revenue grew year over year to 1.54 billion baht from 1.48 billion baht, and total operating expenses totaled 1.33 billion baht, compared with 1.33 billion baht in the year-earlier period.

Reported net income rose on an annual basis to 197.8 million baht, or 23 satang per share, from 94.7 million baht, or 11 satang per share.

As of May 14, US$1 was equivalent to 33.48 baht.