S & J International Enterprises PCL said its normalized net income for the fourth quarter came to 29 satang per share, an increase of 18.8% from 24 satang per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 42.9 million baht, a gain of 18.8% from 36.1 million baht in the prior-year period.
The normalized profit margin increased to 3.3% from 2.6% in the year-earlier period.
Total revenue fell 6.5% year over year to 1.29 billion baht from 1.38 billion baht, and total operating expenses fell 7.1% on an annual basis to 1.25 billion baht from 1.35 billion baht.
Reported net income grew 9.3% year over year to 52.7 million baht, or 35 satang per share, from 48.2 million baht, or 32 satang per share.
For the year, the company's normalized net income totaled 1.29 baht per share, a gain of 20.2% from 1.07 baht per share in the prior year.
Normalized net income was 192.7 million baht, a gain of 20.2% from 160.3 million baht in the prior year.
Full-year total revenue decreased 6.0% year over year to 5.10 billion baht from 5.43 billion baht, and total operating expenses declined 6.3% on an annual basis to 4.97 billion baht from 5.30 billion baht.
The company said reported net income grew 16.5% year over year to 253.1 million baht, or 1.69 baht per share, in the full year, from 217.2 million baht, or 1.45 baht per share.
As of Feb. 29, US$1 was equivalent to 35.64 baht.