Premier Marketing Public Company Ltd said its fourth-quarter normalized net income came to 8 satang per share, a decline of 48.1% from 15 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 48.1 million baht, a decline of 48.1% from 92.6 million baht in the year-earlier period.

The normalized profit margin fell to 4.5% from 8.6% in the year-earlier period.

Total revenue declined year over year to 1.03 billion baht from 1.07 billion baht, and total operating expenses decreased on an annual basis to 901.0 million baht from 931.3 million baht.

Reported net income decreased 62.8% year over year to 49.3 million baht, or 8 satang per share, from 132.6 million baht, or 22 satang per share.

For the year, the company's normalized net income totaled 48 satang per share, a decrease of 13.1% from 55 satang per share in the prior year.

Normalized net income was 285.4 million baht, a decline of 13.1% from 328.2 million baht in the prior year.

Full-year total revenue decreased from the prior-year period to 4.08 billion baht from 4.22 billion baht, and total operating expenses fell year over year to 3.56 billion baht from 3.67 billion baht.

The company said reported net income fell 20.3% year over year to 345.1 million baht, or 58 satang per share, in the full year, from 433.2 million baht, or 72 satang per share.

As of Feb. 27, US$1 was equivalent to 34.84 baht.