Cosmax BTI Inc. said its normalized net income for the fourth quarter came to a loss of 59.59 South Korean won per share, compared with a loss of 411.27 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 a loss of 569.6 million won, compared with a loss of 3.94 billion won in the prior-year period.
The normalized profit margin climbed to negative 0.8% from negative 9.8% in the year-earlier period.
Total revenue increased 34.8% on an annual basis to 54.12 billion won from 40.15 billion won, and total operating expenses increased 39.6% from the prior-year period to 53.97 billion won from 38.66 billion won.
Reported net income totaled a loss of 586.5 million won, or a loss of 61.36 won per share, compared to income of 1.04 billion won, or 108.90 won per share, in the year-earlier period.
For the year, the company's normalized net income totaled 557.02 won per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 1,250.00 won.
EPS rose 63.5% from 340.63 won in the prior year.
Normalized net income was 5.32 billion won, a gain of 98.9% from 2.68 billion won in the prior year.
Full-year total revenue increased 47.1% from the prior-year period to 199.87 billion won from 135.91 billion won, and total operating expenses increased 46.3% on an annual basis to 188.61 billion won from 128.92 billion won.
The company said reported net income decreased 20.1% on an annual basis to 8.00 billion won, or 837.22 won per share, in the full year, from 10.02 billion won, or 1,274.70 won per share.
As of March 9, US$1 was equivalent to 1,207.88 South Korean won.