Imperial d.d. said its fourth-quarter normalized net income amounted to a loss of 17.00 kuna per share, compared with a loss of 15.99 kuna per share in the fourth quarter ended Jan. 1, 2015.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 10.8 million kuna, compared with a loss of 10.2 million kuna in the fourth quarter ended Jan. 1, 2015.
The normalized profit margin was 154.1%.
Total revenue declined 13.3% on an annual basis to 2.7 million kuna from 3.1 million kuna, and total operating expenses increased 10.9% on an annual basis to 19.4 million kuna from 17.5 million kuna.
Reported net income totaled a loss of 21.7 million kuna, or a loss of 34.12 kuna per share, compared to a loss of 19.9 million kuna, or a loss of 31.33 kuna per share, in the fourth quarter ended Jan. 1, 2015.
For the year, the company's normalized net income totaled 21.16 kuna per share, an increase of 40.1% from 15.10 kuna per share in the prior year.
Normalized net income was 13.5 million kuna, an increase of 40.1% from 9.6 million kuna in the prior year.
Full-year total revenue grew 7.3% on an annual basis to 122.0 million kuna from 113.6 million kuna, and total operating expenses increased year over year to 97.3 million kuna from 93.5 million kuna.
The company said reported net income rose 46.2% year over year to 17.1 million kuna, or 26.93 kuna per share, in the full year, from 11.7 million kuna, or 18.42 kuna per share.
As of March 24, US$1 was equivalent to 6.75 kuna.