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Asian Phytoceuticals Q3 profit climbs 53.6% YOY

Asian Phytoceuticals Public Company Ltd said its normalized net income for the third quarter amounted to 25.6 million baht, a rise of 53.6% from 16.7 million baht in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 22.8% from 17.9% in the year-earlier period.

Total revenue climbed 20.1% on an annual basis to 112.0 million baht from 93.2 million baht, and total operating expenses rose 5.6% year over year to 72.1 million baht from 68.2 million baht.

Reported net income rose 54.4% on an annual basis to 32.9 million baht, or 1 satang per share, from 21.3 million baht, or 1 satang per share.

As of Nov. 10, US$1 was equivalent to 35.21 baht.