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Three Sixty Five Q1 loss narrows YOY

Three Sixty Five Public Co. Ltd said its normalized net income for the first quarter was a loss of 33.8 million baht, compared with a loss of 57.1 million baht in the prior-year period.

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

The normalized profit margin rose to negative 39.0% from negative 56.5% in the year-earlier period.

Total revenue declined 6.6% on an annual basis to 94.4 million baht from 101.1 million baht, and total operating expenses fell 22.0% from the prior-year period to 153.7 million baht from 197.1 million baht.

Reported net income came to a loss of 55.9 million baht, or a loss of 1 satang per share, compared to a loss of 95.2 million baht, or a loss of 2 satang per share, in the year-earlier period.

As of May 13, US$1 was equivalent to 35.48 baht.