Anhui Deli Household Glass Co. Ltd. said its fourth-quarter normalized net income was a loss of 12 fen per share, compared with a loss of 5 fen 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 46.5 million yuan, compared with a loss of 20.5 million yuan in the prior-year period.

The normalized profit margin declined to negative 20.1% from negative 8.2% in the year-earlier period.

Total revenue fell year over year to 239.1 million yuan from 249.2 million yuan, and total operating expenses rose 9.4% on an annual basis to 310.2 million yuan from 283.4 million yuan.

Reported net income totaled a loss of 59.4 million yuan, or a loss of 15 fen per share, compared to a loss of 25.5 million yuan, or a loss of 7 fen per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of 8 fen per share, compared with 2 fen per share in the prior year.

Normalized net income was a loss of 32.1 million yuan, compared with income of 8.9 million yuan in the prior year.

Full-year total revenue declined 9.5% year over year to 857.6 million yuan from 947.8 million yuan, and total operating expenses decreased year over year to 901.0 million yuan from 934.2 million yuan.

The company said reported net income came to a loss of 62.7 million yuan, or a loss of 16 fen per share, in the full year, compared with income of 9.6 million yuan, or 2 fen per share, the prior year.

As of March 30, US$1 was equivalent to 6.47 yuan.