Vatti Corp. Ltd. said its fourth-quarter normalized net income came to 14 fen per share, compared with the S&P Capital IQ consensus estimate of 16 fen per share.
EPS rose year over year from 4 fen.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 81.6 million yuan, a gain from 23.9 million yuan in the year-earlier period.
The normalized profit margin increased to 6.4% from 2.2% in the year-earlier period.
Total revenue climbed 17.5% on an annual basis to 1.28 billion yuan from 1.09 billion yuan, and total operating expenses rose 12.6% from the prior-year period to 1.15 billion yuan from 1.02 billion yuan.
Reported net income increased 68.2% year over year to 126.3 million yuan, or 22 fen per share, from 75.1 million yuan, or 13 fen per share.
For the year, the company's normalized net income totaled 39 fen per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 49 fen.
EPS rose 73.4% from 22 fen in the prior year.
Normalized net income was 224.4 million yuan, an increase of 74.3% from 128.8 million yuan in the prior year.
Full-year total revenue rose 18.2% on an annual basis to 4.40 billion yuan from 3.72 billion yuan, and total operating expenses grew 14.7% on an annual basis to 4.04 billion yuan from 3.52 billion yuan.
The company said reported net income grew 57.7% year over year to 327.5 million yuan, or 57 fen per share, in the full year, from 207.7 million yuan, or 36 fen per share.
As of April 26, US$1 was equivalent to 6.89 yuan.