Pak Suzuki Motor Co. Ltd. said its normalized net income for the fourth quarter was 17.81 Pakistani rupees per share, compared with the S&P Capital IQ consensus estimate of 21.71 rupees per share.

EPS increased year over year from 2.71 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.47 billion rupees, an increase from 223.0 million rupees in the prior-year period.

The normalized profit margin climbed to 6.3% from 1.8% in the year-earlier period.

Total revenue grew 85.0% year over year to 23.36 billion rupees from 12.63 billion rupees, and total operating expenses increased 73.9% on an annual basis to 22.06 billion rupees from 12.69 billion rupees.

Reported net income grew on an annual basis to 1.60 billion rupees, or 19.48 rupees per share, from 311.4 million rupees, or 3.78 rupees per share.

For the year, the company's normalized net income totaled 65.87 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 68.51 rupees.

EPS rose from 19.28 rupees in the prior year.

Normalized net income was 5.42 billion rupees, a rise from 1.59 billion rupees in the prior year.

Full-year total revenue increased 57.5% on an annual basis to 84.55 billion rupees from 53.66 billion rupees, and total operating expenses rose 49.2% year over year to 76.89 billion rupees from 51.53 billion rupees.

The company said reported net income rose on an annual basis to 5.84 billion rupees, or 70.99 rupees per share, in the full year, from 1.92 billion rupees, or 23.35 rupees per share.

As of April 7, US$1 was equivalent to 104.67 Pakistani rupees.