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Com7 Q3 profit climbs YOY

Com7 Public Company Ltd said its third-quarter normalized net income came to 6 satang per share, an increase from 3 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 73.1 million baht, a gain from 28.5 million baht in the prior-year period.

The normalized profit margin rose to 1.8% from 0.9% in the year-earlier period.

Total revenue increased 18.4% year over year to 3.94 billion baht from 3.33 billion baht, and total operating expenses grew 16.7% year over year to 3.82 billion baht from 3.28 billion baht.

Reported net income grew year over year to 90.8 million baht, or 8 satang per share, from 30.3 million baht, or 3 satang per share.

As of Nov. 7, US$1 was equivalent to 35.00 baht.