Endesa SA said its normalized net income for the fourth quarter came to 24 euro cents per share, an increase of 76.5% from 14 cents per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €252.5 million, an increase of 76.1% from €143.4 million in the prior-year period.
The normalized profit margin increased to 5.3% from 3.1% in the year-earlier period.
Total revenue grew year over year to €4.72 billion from €4.63 billion, and total operating expenses totaled €4.36 billion, compared with €4.39 billion in the year-earlier period.
Reported net income came to €106.0 million, or 10 cents per share, compared with a loss of €120.0 million, or a loss of 11 cents per share, in the prior-year period.
For the year, the company's normalized net income totaled €1.19 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of €1.27.
EPS rose from €1.07 in the prior year.
Normalized net income was €1.26 billion, a rise from €1.14 billion in the prior year.
Full-year total revenue declined on an annual basis to €18.32 billion from €19.29 billion, and total operating expenses decreased on an annual basis to €16.15 billion from €17.31 billion.
The company said reported net income rose on an annual basis to €1.41 billion, or €1.33 per share, in the full year, from €1.09 billion, or €1.03 per share.
