Hotai Motor Co. Ltd. said its normalized net income for the fourth quarter was NT$2.75 per share, compared with the S&P Capital IQ consensus estimate of NT$4.51 per share.
EPS rose 5.8% year over year from NT$2.60.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$1.50 billion, a gain of 5.7% from NT$1.42 billion in the prior-year period.
The normalized profit margin increased to 3.6% from 3.4% in the year-earlier period.
Total revenue came to NT$41.60 billion, compared with NT$41.91 billion in the year-earlier period, and total operating expenses fell year over year to NT$39.87 billion from NT$40.54 billion.
Reported net income rose year over year to NT$2.08 billion, or NT$3.81 per share, from NT$2.03 billion, or NT$3.71 per share.
For the year, the company's normalized net income totaled NT$13.10 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of NT$18.91.
EPS rose 9.6% from NT$11.95 in the prior year.
Normalized net income was NT$7.16 billion, a gain of 9.6% from NT$6.53 billion in the prior year.
Full-year total revenue totaled NT$160.61 billion, compared with NT$160.21 billion in the prior year, and total operating expenses totaled NT$151.49 billion, compared with NT$151.73 billion in the year-earlier period.
The company said reported net income grew 6.3% on an annual basis to NT$9.78 billion, or NT$17.89 per share, in the full year, from NT$9.20 billion, or NT$16.83 per share.
As of March 30, US$1 was equivalent to NT$32.18.