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Taokaenoi Food & Marketing Q2 profit climbs YOY

Taokaenoi Food & Marketing PCL said its normalized net income for the second quarter amounted to 6 satang per share, an increase of 31.3% from 4 satang per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 60.1 million baht, a gain from 28.7 million baht in the year-earlier period.

The normalized profit margin rose to 7.4% from 4.5% in the year-earlier period.

Total revenue increased 27.8% on an annual basis to 817.6 million baht from 639.8 million baht, and total operating expenses climbed 21.7% on an annual basis to 716.7 million baht from 588.9 million baht.

Reported net income increased from the prior-year period to 74.9 million baht, or 7 satang per share, from 36.1 million baht, or 6 satang per share.

As of Nov. 23, US$1 was equivalent to 35.84 baht.