Vanjia Corp. said its fourth-quarter normalized net income amounted to a loss of $8,730, compared with a loss of $750 in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
Reported net income totaled a loss of $13,970, or a loss of 0 cents per share, compared to a loss of $1,200, or a loss of 0 cents per share, in the prior-year period.
For the year, the company's normalized net income totaled $14,430, compared with a loss of $-8,050 in the prior year.
The company said reported net income totaled a loss of $23,100, or a loss of 0 cents per share, in the full year, compared with a loss of $12,870, or a loss of 0 cents per share, the prior year.