ATA Inc. said its normalized net income for the fiscal fourth quarter ended March 31 was a loss of 45 fen per share, compared with 2 fen 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 10.2 million yuan, compared with income of 522,290 yuan in the prior-year period.
The normalized profit margin declined to negative 25.3% from 0.9% in the year-earlier period.
Total revenue decreased 31.3% on an annual basis to 40.3 million yuan from 58.7 million yuan, and total operating expenses decreased 6.5% from the prior-year period to 55.8 million yuan from 59.7 million yuan.
Reported net income came to a loss of 15.7 million yuan, or a loss of 69 fen per share, compared to a loss of 14.0 million yuan, or a loss of 62 fen per share, in the year-earlier period.
For the year, the company's normalized net income totaled 90 fen per share, a fall of 44.8% from 1.64 yuan per share in the prior year.
Normalized net income was 20.6 million yuan, a decline of 44.3% from 37.0 million yuan in the prior year.
Full-year total revenue declined 9.0% on an annual basis to 350.2 million yuan from 384.7 million yuan, and total operating expenses fell on an annual basis to 318.1 million yuan from 330.2 million yuan.
The company said reported net income declined 16.3% on an annual basis to 22.3 million yuan, or 98 fen per share, in the full year, from 26.7 million yuan, or 1.18 yuan per share.
As of June 24, US$1 was equivalent to 6.21 yuan.