Jack Chia Industries (Thailand) PCL said its fourth-quarter normalized net income amounted to 1.14 baht per share, a decline of 9.4% from 1.26 baht per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 15.4 million baht, a decrease of 9.4% from 17.0 million baht in the year-earlier period.

The normalized profit margin dropped to 7.0% from 7.9% in the year-earlier period.

Total revenue grew year over year to 218.3 million baht from 215.0 million baht, and total operating expenses increased from the prior-year period to 193.6 million baht from 187.8 million baht.

Reported net income fell 5.8% on an annual basis to 21.2 million baht, or 1.57 baht per share, from 22.5 million baht, or 1.67 baht per share.

For the year, the company's normalized net income totaled 5.32 baht per share, a fall of 23.1% from 6.91 baht per share in the prior year.

Normalized net income was 71.8 million baht, a decrease of 23.1% from 93.3 million baht in the prior year.

Full-year total revenue totaled 847.3 million baht, compared with 851.2 million baht in the prior year, and total operating expenses increased on an annual basis to 732.0 million baht from 701.5 million baht.

The company said reported net income decreased 20.8% year over year to 97.4 million baht, or 7.21 baht per share, in the full year, from 122.9 million baht, or 9.10 baht per share.

As of Feb. 26, US$1 was equivalent to 35.74 baht.