Wal-Mart de México SAB de CV said its fourth-quarter normalized net income came to 7.38 billion pesos.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 4.8%.

Total revenue totaled 145.91 billion pesos, and total operating expenses came to 134.08 billion pesos.

Reported net income totaled 8.46 billion pesos, or 48 centavos per share.

For the year, the company's normalized net income totaled 1.27 pesos per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 1.53 pesos.

EPS rose from 1.25 pesos in the prior year.

Normalized net income was 22.14 billion pesos, compared with 21.96 billion pesos in the prior year.

Full-year total revenue rose 11.0% on an annual basis to 489.37 billion pesos from 440.99 billion pesos, and total operating expenses grew 11.9% year over year to 453.99 billion pesos from 405.69 billion pesos.

The company said reported net income totaled 24.93 billion pesos, or 1.43 pesos per share, in the full year, compared with 25.03 billion pesos, or 1.42 pesos per share, the prior year.

As of March 14, US$1 was equivalent to 17.77 Mexican pesos.