4912814 said its fourth-quarter normalized net income came to a loss of 4 cents per share, compared with 2 cents per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $11.2 million, compared with income of $5.9 million in the year-earlier period.
The normalized profit margin dropped to negative 5.8% from 3.1% in the year-earlier period.
Total revenue increased year over year to $196.4 million from $193.8 million, and total operating expenses climbed 11.4% from the prior-year period to $184.1 million from $165.3 million.
Reported net income increased from the prior-year period to $6.1 million, or 2 cents per share, from $2.2 million, or 1 cents per share.
For the year, the company's normalized net income totaled a loss of 3 cents per share, compared with 4 cents per share in the prior year.
Normalized net income was a loss of $9.1 million, compared with income of $13.1 million in the prior year.
ull-year total revenue fell 13.1% year over year to $699.3 million from $804.6 million, and total operating expenses decreased 14.3% on an annual basis to $635.3 million from $741.2 million. Empresa Pesquera Eperva SA