Castle Peak Holdings Public Company Ltd said its fourth-quarter normalized net income came to 98 satang per share, an increase from 13 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 39.4 million baht, an increase from 5.1 million baht in the year-earlier period.

The normalized profit margin rose to 11.0% from 1.8% in the year-earlier period.

Total revenue increased 27.5% year over year to 353.7 million baht from 277.3 million baht, and total operating expenses grew 21.5% from the prior-year period to 331.8 million baht from 273.1 million baht.

Reported net income grew on an annual basis to 63.0 million baht, or 1.57 baht per share, from 1.7 million baht, or 4 satang per share.

For the year, the company's normalized net income totaled 81 satang per share, compared with a loss of 12 satang per share in the prior year.

Normalized net income was 32.4 million baht, compared with a loss of 4.7 million baht in the prior year.

Full-year total revenue totaled 1.34 billion baht, compared with 1.33 billion baht in the prior year, and total operating expenses declined year over year to 1.32 billion baht from 1.35 billion baht.

The company said reported net income totaled 50.5 million baht, or 1.26 baht per share, in the full year, compared with a loss of 13.6 million baht, or a loss of 34 satang per share, the prior year.

As of Feb. 29, US$1 was equivalent to 35.64 baht.