Patum Rice Mill and Granary Public Company Ltd said its normalized net income for the fourth quarter came to 17 satang per share, an increase from 17 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 105.4 million baht, a gain of 5.0% from 100.4 million baht in the prior-year period.
The normalized profit margin fell to 10.4% from 16.7% in the year-earlier period.
Total revenue rose 67.5% on an annual basis to 1.01 billion baht from 601.1 million baht, and total operating expenses rose 66.7% from the prior-year period to 989.1 million baht from 593.4 million baht.
Reported net income grew year over year to 162.3 million baht, or 27 satang per share, from 157.1 million baht, or 27 satang per share.
For the year, the company's normalized net income totaled 35 satang per share, compared with 35 satang per share in the prior year.
Normalized net income was 213.6 million baht, compared with 211.7 million baht in the prior year.
Full-year total revenue increased 30.0% from the prior-year period to 2.60 billion baht from 2.00 billion baht, and total operating expenses rose 30.1% year over year to 2.56 billion baht from 1.97 billion baht.
The company said reported net income totaled 325.3 million baht, or 54 satang per share, in the full year, compared with 328.2 million baht, or 55 satang per share, the prior year.
As of Feb. 26, US$1 was equivalent to 35.74 baht.