JS Corp. said its fourth-quarter normalized net income came to 474.24 South Korean won per share, compared with a loss of 14.57 won per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 6.29 billion won, compared with a loss of 148.2 million won in the prior-year period.
The normalized profit margin increased to 11.8% from negative 0.3% in the year-earlier period.
Total revenue grew 19.6% year over year to 53.35 billion won from 44.61 billion won, and total operating expenses grew 17.0% year over year to 49.94 billion won from 42.68 billion won.
Reported net income came to 6.14 billion won, or 463.14 won per share, compared to a loss of 949.6 million won, or a loss of 93.40 won per share, in the prior-year period.
For the year, the company's normalized net income totaled 737.51 won per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 1,474.00 won.
EPS declined 57.6% from 1,739.88 won in the prior year.
Normalized net income was 9.67 billion won, a fall of 44.1% from 17.28 billion won in the prior year.
Full-year total revenue declined 21.5% year over year to 188.52 billion won from 240.29 billion won, and total operating expenses fell 19.9% on an annual basis to 176.40 billion won from 220.35 billion won.
The company said reported net income decreased 45.5% on an annual basis to 10.68 billion won, or 815.00 won per share, in the full year, from 19.61 billion won, or 1,974.00 won per share.
As of March 20, US$1 was equivalent to 1,113.11 South Korean won.