Kian Shen Corp. said its normalized net income for the fourth quarter was NT$1.49 per share, compared with the S&P Capital IQ consensus estimate of NT$1.18 per share.

EPS rose 83.7% year over year from 81 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$109.5 million, an increase of 83.6% from NT$59.7 million in the prior-year period.

The normalized profit margin rose to 37.5% from 17.2% in the year-earlier period.

Total revenue fell 15.7% year over year to NT$291.8 million from NT$346.1 million, and total operating expenses fell 14.7% from the prior-year period to NT$282.4 million from NT$331.0 million.

Reported net income rose 91.1% from the prior-year period to NT$165.7 million, or NT$2.25 per share, from NT$86.7 million, or NT$1.18 per share.

For the year, the company's normalized net income totaled NT$4.08 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of NT$4.87.

EPS rose 34.7% from NT$3.03 in the prior year.

Normalized net income was NT$299.4 million, a gain of 34.7% from NT$222.3 million in the prior year.

Full-year total revenue rose from the prior-year period to NT$1.20 billion from NT$1.19 billion, and total operating expenses totaled NT$1.17 billion, compared with NT$1.16 billion in the prior-year period.

The company said reported net income increased 36.9% year over year to NT$437.3 million, or NT$5.95 per share, in the full year, from NT$319.5 million, or NT$4.35 per share.

As of March 29, US$1 was equivalent to NT$32.58.