Haitai Confectionery & Foods Co. Ltd. said its fourth-quarter normalized net income came to a loss of 39.75 South Korean won per share, compared with a loss of 81.29 won 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 749.8 million won, compared with a loss of 838.4 million won in the prior-year period.
The normalized profit margin rose to negative 0.4% from negative 0.5% in the year-earlier period.
Total revenue rose 6.3% on an annual basis to 187.47 billion won from 176.28 billion won, and total operating expenses increased 7.0% from the prior-year period to 185.64 billion won from 173.50 billion won.
Reported net income came to a loss of 467.1 million won, or a loss of 24.76 won per share, compared to a loss of 1.27 billion won, or a loss of 123.53 won per share, in the year-earlier period.
For the year, the company's normalized net income totaled 791.80 won per share, an increase from 168.19 won per share in the prior year.
Normalized net income was 15.16 billion won, a rise from 3.16 billion won in the prior year.
Full-year total revenue rose 15.7% from the prior-year period to 798.30 billion won from 689.96 billion won, and total operating expenses rose 12.9% year over year to 751.45 billion won from 665.35 billion won.
The company said reported net income rose year over year to 16.87 billion won, or 881.00 won per share, in the full year, from 4.30 billion won, or 229.00 won per share.
As of March 29, US$1 was equivalent to 1,166.30 South Korean won.