Minor International PCL said its fourth-quarter normalized net income came to 52 satang per share, compared with the S&P Capital IQ consensus estimate of 43 satang per share.
EPS climbed year over year from 24 satang.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.29 billion baht, an increase from 1.04 billion baht in the prior-year period.
The normalized profit margin climbed to 16.4% from 10.1% in the year-earlier period.
Total revenue rose 38.0% on an annual basis to 14.18 billion baht from 10.28 billion baht, and total operating expenses grew 25.9% on an annual basis to 10.67 billion baht from 8.47 billion baht.
Reported net income grew from the prior-year period to 3.42 billion baht, or 78 satang per share, from 1.62 billion baht, or 37 satang per share.
For the year, the company's normalized net income totaled 98 satang per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 1.08 baht.
EPS rose 47.3% from 67 satang in the prior year.
Normalized net income was 4.33 billion baht, a gain of 47.3% from 2.94 billion baht in the prior year.
Full-year total revenue grew 18.6% from the prior-year period to 45.73 billion baht from 38.56 billion baht, and total operating expenses increased 15.6% year over year to 38.61 billion baht from 33.38 billion baht.
The company said reported net income increased 59.9% on an annual basis to 7.04 billion baht, or 1.60 baht per share, in the full year, from 4.40 billion baht, or 1 baht per share.
As of Feb. 19, US$1 was equivalent to 35.76 baht.