Dalian Sunasia Tourism Holding Co. Ltd. said its normalized net income for the fourth quarter came to a loss of 22 fen per share, compared with a loss of 19 fen 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 20.5 million yuan, compared with a loss of 17.3 million yuan in the year-earlier period.

The normalized profit margin fell to negative 68.1% from negative 56.5% in the year-earlier period.

Total revenue declined year over year to 30.3 million yuan from 30.6 million yuan, and total operating expenses climbed 16.8% on an annual basis to 63.8 million yuan from 54.7 million yuan.

Reported net income came to a loss of 32.2 million yuan, or a loss of 35 fen per share, compared to a loss of 21.3 million yuan, or a loss of 23 fen per share, in the prior-year period.

For the year, the company's normalized net income totaled 38 fen per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 44 fen.

EPS rose 5.2% from 36 fen in the prior year.

Normalized net income was 35.0 million yuan, a gain of 5.2% from 33.2 million yuan in the prior year.

Full-year total revenue increased 5.2% from the prior-year period to 305.3 million yuan from 290.1 million yuan, and total operating expenses rose 8.3% year over year to 235.8 million yuan from 217.7 million yuan.

The company said reported net income grew 11.6% year over year to 43.0 million yuan, or 47 fen per share, in the full year, from 38.5 million yuan, or 42 fen per share.

As of March 10, US$1 was equivalent to 6.51 yuan.