DNA 2002 PCL said its third-quarter normalized net income amounted to a loss of 74.6 million baht, compared with a loss of 3.6 million baht in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to negative 86.8% from negative 1.1% in the year-earlier period.

Total revenue decreased 60.5% year over year to 132.7 million baht from 335.6 million baht, and total operating expenses fell 21.5% year over year to 272.3 million baht from 346.6 million baht.

Reported net income totaled a loss of 127.3 million baht, or a loss of 3 satang per share, compared to a loss of 6.8 million baht, or a loss of 0 satang per share, in the prior-year period.

As of Nov. 11, US$1 was equivalent to 35.84 baht.