Sabina Public Company Ltd said its fourth-quarter normalized net income was 14 satang per share, a gain from 13 satang per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 47.6 million baht, an increase from 46.1 million baht in the year-earlier period.

The normalized profit margin declined to 7.4% from 7.7% in the year-earlier period.

Total revenue increased 8.2% on an annual basis to 644.5 million baht from 595.8 million baht, and total operating expenses increased 9.2% from the prior-year period to 566.8 million baht from 518.9 million baht.

Reported net income grew 9.4% from the prior-year period to 63.4 million baht, or 18 satang per share, from 58.0 million baht, or 17 satang per share.

For the year, the company's normalized net income totaled 37 satang per share, a gain of 9.5% from 33 satang per share in the prior year.

Normalized net income was 127.3 million baht, a rise of 9.5% from 116.2 million baht in the prior year.

Full-year total revenue rose 6.6% on an annual basis to 2.31 billion baht from 2.16 billion baht, and total operating expenses increased 6.6% year over year to 2.10 billion baht from 1.97 billion baht.

The company said reported net income grew 12.7% on an annual basis to 165.5 million baht, or 48 satang per share, in the full year, from 146.9 million baht, or 42 satang per share.

As of Feb. 24, US$1 was equivalent to 35.69 baht.