JSC Bayan Sulu said its fourth-quarter normalized net income was 7.07 tenge per share, a decline of 62.2% from 18.72 tenge per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 315.7 million tenge, a decrease of 62.2% from 836.0 million tenge in the prior-year period.
The normalized profit margin dropped to 3.3% from 12.2% in the year-earlier period.
Total revenue grew 41.6% year over year to 9.67 billion tenge from 6.83 billion tenge, and total operating expenses decreased from the prior-year period to 8.82 billion tenge from 9.10 billion tenge.
Reported net income came to 221.3 million tenge, or 4.96 tenge per share, compared to a loss of 240.0 million tenge, or a loss of 5.37 tenge per share, in the prior-year period.
For the year, the company's normalized net income totaled 27.92 tenge per share, a fall of 40.3% from 46.78 tenge per share in the prior year.
Normalized net income was 1.25 billion tenge, a fall of 40.3% from 2.09 billion tenge in the prior year.
Full-year total revenue rose 65.3% year over year to 31.67 billion tenge from 19.16 billion tenge, and total operating expenses increased 51.2% on an annual basis to 29.14 billion tenge from 19.27 billion tenge.
The company said reported net income decreased 11.0% on an annual basis to 1.56 billion tenge, or 34.93 tenge per share, in the full year, from 1.75 billion tenge, or 39.24 tenge per share.
As of June 30, US$1 was equivalent to 322.06 tenge.