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Dusit Thani Q3 loss widens 89.0% YOY

Dusit Thani Public Co. Ltd said its third-quarter normalized net income was a loss of 7 satang per share, compared with a loss of 3 satang per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 55.3 million baht, compared with a loss of 29.3 million baht in the year-earlier period.

The normalized profit margin fell to negative 4.6% from negative 2.5% in the year-earlier period.

Total revenue increased year over year to 1.20 billion baht from 1.17 billion baht, and total operating expenses increased from the prior-year period to 1.22 billion baht from 1.18 billion baht.

Reported net income totaled a loss of 73.2 million baht, or a loss of 9 satang per share, compared to a loss of 40.1 million baht, or a loss of 5 satang per share, in the year-earlier period.

As of Nov. 11, US$1 was equivalent to 35.43 baht.