Tong Yang Industry Co. Ltd. said its fourth-quarter normalized net income came to 81 Taiwan cents per share, compared with the S&P Capital IQ consensus estimate of NT$1.07 per share.
EPS rose 49.4% year over year from 55 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$482.0 million, an increase of 43.7% from NT$335.4 million in the prior-year period.
The normalized profit margin rose to 7.9% from 6.0% in the year-earlier period.
Total revenue rose 10.4% year over year to NT$6.12 billion from NT$5.54 billion, and total operating expenses increased on an annual basis to NT$5.46 billion from NT$5.30 billion.
Reported net income increased year over year to NT$656.5 million, or NT$1.11 per share, from NT$30.0 million, or 4 cents per share.
For the year, the company's normalized net income totaled NT$2.37 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of NT$2.55.
EPS rose 42.0% from NT$1.67 in the prior year.
Normalized net income was NT$1.40 billion, an increase of 36.6% from NT$1.02 billion in the prior year.
Full-year total revenue increased 6.2% from the prior-year period to NT$22.46 billion from NT$21.14 billion, and total operating expenses grew year over year to NT$20.60 billion from NT$20.05 billion.
The company said reported net income increased 82.8% year over year to NT$1.70 billion, or NT$2.87 per share, in the full year, from NT$928.6 million, or NT$1.51 per share.
As of March 30, US$1 was equivalent to NT$32.18.