Zwack Unicum Nyrt. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to a loss of 221.25 forints per share, compared with a loss of 132.81 forints per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 442.5 million forints, compared with a loss of 265.6 million forints in the prior-year period.

The normalized profit margin declined to negative 36.4% from negative 18.5% in the year-earlier period.

Total revenue declined 15.3% on an annual basis to 1.22 billion forints from 1.44 billion forints, and total operating expenses climbed year over year to 1.91 billion forints from 1.87 billion forints.

Reported net income totaled a loss of 549.0 million forints, or a loss of 274.50 forints per share, compared to a loss of 355.0 million forints, or a loss of 177.50 forints per share, in the prior-year period.

For the year, the company's normalized net income totaled 694.38 forints per share, a gain of 20.9% from 574.45 forints per share in the prior year.

Normalized net income was 1.39 billion forints, a gain of 21.0% from 1.15 billion forints in the prior year.

Full-year total revenue increased 8.7% from the prior-year period to 12.79 billion forints from 11.78 billion forints, and total operating expenses grew 5.4% year over year to 10.61 billion forints from 10.06 billion forints.

The company said reported net income rose 14.8% year over year to 1.71 billion forints, or 857.00 forints per share, in the full year, from 1.49 billion forints, or 747.00 forints per share.

As of June 25, US$1 was equivalent to 279.20 forints.