Nien Made Enterprise Co. LTD. said its fourth-quarter normalized net income was NT$2.45 per share, compared with the S&P Capital IQ consensus estimate of NT$2.75 per share.

EPS increased 76.5% year over year from NT$1.39.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$650.5 million, a gain of 79.5% from NT$362.3 million in the year-earlier period.

The normalized profit margin climbed to 13.9% from 9.5% in the year-earlier period.

Total revenue climbed 22.2% year over year to NT$4.66 billion from NT$3.82 billion, and total operating expenses climbed 14.3% year over year to NT$3.67 billion from NT$3.21 billion.

Reported net income rose 45.9% from the prior-year period to NT$768.2 million, or NT$2.89 per share, from NT$526.7 million, or NT$2.02 per share.

For the year, the company's normalized net income totaled NT$8.53 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of NT$9.14.

EPS rose 48.5% from NT$5.75 in the prior year.

Normalized net income was NT$2.23 billion, an increase of 50.7% from NT$1.48 billion in the prior year.

Full-year total revenue grew 21.4% from the prior-year period to NT$16.82 billion from NT$13.86 billion, and total operating expenses grew 16.7% on an annual basis to NT$13.24 billion from NT$11.34 billion.

The company said reported net income grew 38.6% year over year to NT$2.64 billion, or NT$10.09 per share, in the full year, from NT$1.91 billion, or NT$7.39 per share.

As of March 23, US$1 was equivalent to NT$32.48.