KolmarBNH Co. Ltd. said its fourth-quarter normalized net income amounted to 188.22 South Korean won per share, an increase from 69.20 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 5.56 billion won, an increase of 10.8% from 5.02 billion won in the year-earlier period.

The normalized profit margin fell to 8.5% from 8.9% in the year-earlier period.

Total revenue climbed 16.1% on an annual basis to 65.50 billion won from 56.42 billion won, and total operating expenses climbed 16.9% year over year to 56.94 billion won from 48.72 billion won.

Reported net income grew 16.3% year over year to 5.13 billion won, or 173.61 won per share, from 4.41 billion won, or 60.79 won per share.

For the year, the company's normalized net income totaled 810.08 won per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 1,015.00 won.

EPS rose from 227.60 won in the prior year.

Normalized net income was 23.93 billion won, a gain from 6.59 billion won in the prior year.

Full-year total revenue rose 8.4% on an annual basis to 256.01 billion won from 236.19 billion won, and total operating expenses grew 9.0% year over year to 219.80 billion won from 201.74 billion won.

The company said reported net income grew on an annual basis to 29.71 billion won, or 1,005.62 won per share, in the full year, from 1.13 billion won, or 39.00 won per share.

As of March 16, US$1 was equivalent to 1,126.74 South Korean won.