S&T Motiv Co. Ltd. said its normalized net income for the fourth quarter amounted to 1,086.60 South Korean won per share, an increase of 17.6% from 923.73 won per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 15.98 billion won, an increase of 23.0% from 12.99 billion won in the year-earlier period.

The normalized profit margin fell to 4.3% from 4.5% in the year-earlier period.

Total revenue climbed 14.3% year over year to 332.20 billion won from 290.70 billion won, and total operating expenses climbed 10.6% year over year to 298.98 billion won from 270.43 billion won.

Reported net income grew 28.7% from the prior-year period to 19.78 billion won, or 1,345.43 won per share, from 15.38 billion won, or 1,093.00 won per share.

For the year, the company's normalized net income totaled 4,805.17 won per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 6,093.20 won.

EPS rose 54.5% from 3,110.14 won in the prior year.

Normalized net income was 69.69 billion won, a rise of 57.4% from 44.26 billion won in the prior year.

Full-year total revenue increased 10.1% from the prior-year period to 1.211 trillion won from 1.099 trillion won, and total operating expenses rose 5.6% year over year to 1.087 trillion won from 1.030 trillion won.

The company said reported net income increased 58.3% year over year to 85.58 billion won, or 5,901.00 won per share, in the full year, from 54.05 billion won, or 3,798.10 won per share.

As of Feb. 24, US$1 was equivalent to 1,234.55 South Korean won.