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Goodyear (Thailand) Q3 profit climbs YOY

Goodyear (Thailand) Public Company Ltd said its normalized net income for the third quarter came to 17.48 baht per share, an increase from 7.45 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 129.4 million baht, an increase from 55.2 million baht in the prior-year period.

The normalized profit margin climbed to 12.1% from 5.4% in the year-earlier period.

Total revenue grew year over year to 1.07 billion baht from 1.02 billion baht, and total operating expenses totaled 942.8 million baht, compared with 938.2 million baht in the prior-year period.

Reported net income rose year over year to 164.9 million baht, or 22.29 baht per share, from 70.0 million baht, or 9.46 baht per share.

As of Nov. 10, US$1 was equivalent to 35.89 baht.