Janfusun Fancyworld Corp. said its fourth-quarter normalized net income amounted to a loss of 18 Taiwan cents per share, compared with a loss of 21 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of NT$46.0 million, compared with a loss of NT$52.1 million in the prior-year period.

The normalized profit margin increased to negative 13.1% from negative 14.5% in the year-earlier period.

Total revenue fell on an annual basis to NT$351.6 million from NT$357.9 million, and total operating expenses fell on an annual basis to NT$426.9 million from NT$445.0 million.

Reported net income totaled a loss of NT$59.7 million, or a loss of 24 cents per share, compared to a loss of NT$85.6 million, or a loss of 34 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 83 cents per share, compared with a loss of 91 cents per share in the prior year.

Normalized net income was a loss of NT$211.3 million, compared with a loss of NT$211.9 million in the prior year.

Full-year total revenue decreased from the prior-year period to NT$1.53 billion from NT$1.58 billion, and total operating expenses declined on an annual basis to NT$1.85 billion from NT$1.89 billion.

The company said reported net income came to a loss of NT$322.3 million, or a loss of NT$1.27 per share, in the full year, compared with a loss of NT$336.7 million, or a loss of NT$1.44 per share, the prior year.

As of March 30, US$1 was equivalent to NT$32.18.