Jubilee Enterprise Public Company Ltd said its normalized net income for the fourth quarter came to 21 satang per share, a decline from 21 satang per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 36.5 million baht, a decrease from 37.3 million baht in the year-earlier period.
The normalized profit margin rose to 9.1% from 8.4% in the year-earlier period.
Total revenue declined 10.0% on an annual basis to 400.9 million baht from 445.4 million baht, and total operating expenses declined 11.2% on an annual basis to 342.5 million baht from 385.7 million baht.
Reported net income fell on an annual basis to 46.2 million baht, or 27 satang per share, from 47.7 million baht, or 27 satang per share.
For the year, the company's normalized net income totaled 59 satang per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 71 satang.
EPS declined 35.9% from 92 satang in the prior year.
Normalized net income was 102.8 million baht, a fall of 35.9% from 160.4 million baht in the prior year.
Full-year total revenue decreased 12.3% year over year to 1.49 billion baht from 1.70 billion baht, and total operating expenses decreased 8.2% year over year to 1.33 billion baht from 1.44 billion baht.
The company said reported net income decreased 35.9% on an annual basis to 131.1 million baht, or 75 satang per share, in the full year, from 204.5 million baht, or 1.17 baht per share.
As of Feb. 24, US$1 was equivalent to 35.69 baht.