Tofas Türk Otomobil Fabrikasi AS said its normalized net income for the fourth quarter amounted to 19 kurus per share, compared with the S&P Capital IQ consensus estimate of 31 kurus per share.
EPS increased 33.8% year over year from 15 kurus.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 97.3 million lira, an increase of 33.8% from 72.7 million lira in the year-earlier period.
The normalized profit margin climbed to 3.2% from 3.1% in the year-earlier period.
Total revenue rose 31.6% on an annual basis to 3.04 billion lira from 2.31 billion lira, and total operating expenses climbed 31.5% on an annual basis to 2.88 billion lira from 2.19 billion lira.
Reported net income rose 44.3% year over year to 257.6 million lira, or 52 kurus per share, from 178.5 million lira, or 36 kurus per share.
For the year, the company's normalized net income totaled 78 kurus per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 1.50 lira.
EPS rose 32.4% from 59 kurus in the prior year.
Normalized net income was 390.1 million lira, a gain of 32.4% from 294.6 million lira in the prior year.
Full-year total revenue grew 33.4% year over year to 10.17 billion lira from 7.62 billion lira, and total operating expenses rose 33.1% year over year to 9.46 billion lira from 7.11 billion lira.
The company said reported net income rose 44.7% year over year to 830.8 million lira, or 1.66 lira per share, in the full year, from 574.2 million lira, or 1.15 lira per share.
As of Feb. 2, US$1 was equivalent to 2.95 Turkish lira.