Dywilan SpA said its fourth-quarter normalized net income amounted to 139,760 zlotys, compared with a loss of 59,280 zlotys in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 3.6% from negative 1.7% in the year-earlier period.

Total revenue rose 10.7% year over year to 3.9 million zlotys from 3.5 million zlotys, and total operating expenses grew 6.1% year over year to 3.6 million zlotys from 3.4 million zlotys.

Reported net income totaled 229,950 zlotys, or 5 groszy per share, compared to a loss of 140,560 zlotys in the year-earlier period.

For the year, the company's normalized net income totaled 15,330 zlotys, a decline of 81.2% from 81,570 zlotys in the prior year.

Full-year total revenue decreased 16.6% on an annual basis to 12.0 million zlotys from 14.4 million zlotys, and total operating expenses fell 15.2% on an annual basis to 11.8 million zlotys from 13.9 million zlotys.

The company said reported net income declined 77.4% year over year to 30,860 zlotys, or 1 groszy per share, in the full year, from 136,470 zlotys.

As of March 29, US$1 was equivalent to 3.80 zlotys.