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Union Auction Q3 profit falls YOY

Union Auction Public Company Ltd said its normalized net income for the third quarter amounted to 7 satang per share, a decrease of 5.3% from 8 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 40.0 million baht, a decline of 5.3% from 42.3 million baht in the prior-year period.

The normalized profit margin fell to 21.6% from 22.3% in the year-earlier period.

Total revenue declined on an annual basis to 185.5 million baht from 189.6 million baht, and total operating expenses totaled 124.5 million baht, compared with 123.4 million baht in the prior-year period.

Reported net income decreased 5.7% from the prior-year period to 51.0 million baht, or 9 satang per share, from 54.1 million baht, or 10 satang per share.

As of Nov. 12, US$1 was equivalent to 35.85 baht.