Monalisa Co. Ltd. said its fourth-quarter normalized net income amounted to 32.62 South Korean won per share, a decrease of 23.5% from 42.61 won per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.19 billion won, a decrease of 25.4% from 1.60 billion won in the year-earlier period.
The normalized profit margin declined to 3.7% from 4.8% in the year-earlier period.
Total revenue fell year over year to 32.17 billion won from 33.58 billion won, and total operating expenses fell on an annual basis to 30.32 billion won from 31.11 billion won.
Reported net income fell 33.5% year over year to 1.44 billion won, or 39.37 won per share, from 2.17 billion won, or 57.73 won per share.
For the year, the company's normalized net income totaled 107.42 won per share, a decrease of 27.6% from 148.28 won per share in the prior year.
Normalized net income was 3.93 billion won, a fall of 27.8% from 5.44 billion won in the prior year.
Full-year total revenue amounted to 124.97 billion won, compared with 124.82 billion won in the prior year, and total operating expenses grew year over year to 118.73 billion won from 116.40 billion won.
The company said reported net income fell 25.8% year over year to 4.86 billion won, or 132.96 won per share, in the full year, from 6.55 billion won, or 178.62 won per share.
As of Feb. 29, US$1 was equivalent to 1,241.88 South Korean won.