Diageo plc said its normalized net income for the fiscal fourth quarter ended June 30 amounted to 18 Great British pence per share, an increase of 24.3% from 14 pence per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £453.9 million, an increase of 24.5% from £364.5 million in the prior-year period.
The normalized profit margin climbed to 16.1% from 14.9% in the year-earlier period.
Total revenue grew 15.4% on an annual basis to £2.81 billion from £2.44 billion, and total operating expenses climbed 14.3% year over year to £2.05 billion from £1.80 billion.
Reported net income increased 36.9% year over year to £574.0 million, or 23 pence per share, from £419.2 million, or 17 pence per share.
For the year, the company's normalized net income totaled 84 pence per share, compared with the S&P Capital IQ consensus normalized EPS estimate of £1.05.
EPS rose from 67 pence in the prior year.
Normalized net income was £2.12 billion, an increase from £1.70 billion in the prior year.
Full-year total revenue increased from the prior-year period to £12.05 billion from £10.48 billion, and total operating expenses rose year over year to £8.47 billion from £7.48 billion.
The company said reported net income rose year over year to £2.72 billion, or £1.08 per share, in the full year, from £2.24 billion, or 89 pence per share.
