Sri Trang Agro-Industry PCL said its fourth-quarter normalized net income came to a loss of 2 satang per share, compared with 2 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 a loss of 28.1 million baht, compared with income of 19.8 million baht in the prior-year period.
The normalized profit margin declined to negative 0.2% from 0.1% in the year-earlier period.
Total revenue decreased 11.8% on an annual basis to 15.47 billion baht from 17.54 billion baht, and total operating expenses declined 11.1% from the prior-year period to 15.61 billion baht from 17.56 billion baht.
Reported net income totaled a loss of 47.1 million baht, or a loss of 4 satang per share, compared to income of 12.8 million baht, or 1 satang per share, in the year-earlier period.
For the year, the company's normalized net income totaled 55 satang per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 82 satang.
EPS rose from 53 satang in the prior year.
Normalized net income was 709.9 million baht, an increase from 679.1 million baht in the prior year.
Full-year total revenue fell 18.9% from the prior-year period to 61.29 billion baht from 75.53 billion baht, and total operating expenses declined 19.4% year over year to 60.26 billion baht from 74.74 billion baht.
The company said reported net income rose 7.7% year over year to 1.12 billion baht, or 87 satang per share, in the full year, from 1.04 billion baht, or 81 satang per share.
As of Feb. 26, US$1 was equivalent to 35.74 baht.