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Oishi Group Q2 profit climbs YOY

Oishi Group Public Company Ltd said its normalized net income for the second quarter came to 67 satang per share, a gain from 28 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 124.7 million baht, a gain from 52.9 million baht in the year-earlier period.

The normalized profit margin increased to 3.5% from 1.6% in the year-earlier period.

Total revenue grew 6.4% year over year to 3.57 billion baht from 3.35 billion baht, and total operating expenses grew from the prior-year period to 3.34 billion baht from 3.25 billion baht.

Reported net income grew from the prior-year period to 189.3 million baht, or 1.01 baht per share, from 82.7 million baht, or 44 satang per share.

As of Aug. 11, US$1 was equivalent to 35.39 baht.