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S. Khonkaen Foods Q4 profit climbs 21.5% YOY

S. Khonkaen Foods PCL said its fourth-quarter normalized net income amounted to 1.32 baht per share, a gain of 21.5% from 1.09 baht per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 32.1 million baht, a gain of 21.5% from 26.4 million baht in the prior-year period.

The normalized profit margin increased to 4.5% from 4.3% in the year-earlier period.

Total revenue rose 6.1% on an annual basis to 651.3 million baht from 613.7 million baht, and total operating expenses increased from the prior-year period to 593.7 million baht from 567.5 million baht.

Reported net income grew 16.3% from the prior-year period to 38.6 million baht, or 1.59 baht per share, from 33.2 million baht, or 1.37 baht per share.

For the year, the company's normalized net income totaled 3.98 baht per share, a gain of 11.7% from 3.56 baht per share in the prior year.

Normalized net income was 96.5 million baht, a rise of 11.7% from 86.4 million baht in the prior year.

Full-year total revenue grew 7.2% year over year to 2.39 billion baht from 2.23 billion baht, and total operating expenses increased 6.7% year over year to 2.22 billion baht from 2.08 billion baht.

The company said reported net income rose 11.1% on an annual basis to 123.5 million baht, or 5.09 baht per share, in the full year, from 111.1 million baht, or 4.58 baht per share.

As of Feb. 26, US$1 was equivalent to 35.74 baht.