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Hota Industrial profit misses consensus by 27.4% in Q4

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Hota Industrial profit misses consensus by 27.4% in Q4

Hota Industrial Mfg. Co. Ltd. said its normalized net income for the fourth quarter was NT$1.09 per share, compared with the S&P Capital IQ consensus estimate of NT$1.51 per share.

EPS increased 7.7% year over year from NT$1.02.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$258.0 million, a gain of 7.8% from NT$239.4 million in the prior-year period.

The normalized profit margin increased to 17.1% from 16.6% in the year-earlier period.

Total revenue rose year over year to NT$1.51 billion from NT$1.44 billion, and total operating expenses rose 12.5% year over year to NT$1.19 billion from NT$1.06 billion.

Reported net income increased 12.9% on an annual basis to NT$332.4 million, or NT$1.41 per share, from NT$294.4 million, or NT$1.25 per share.

For the year, the company's normalized net income totaled NT$3.70 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of NT$4.82.

EPS rose from NT$3.54 in the prior year.

Normalized net income was NT$870.7 million, a rise from NT$832.8 million in the prior year.

Full-year total revenue increased 9.1% on an annual basis to NT$5.78 billion from NT$5.30 billion, and total operating expenses increased 9.5% year over year to NT$4.39 billion from NT$4.01 billion.

The company said reported net income increased year over year to NT$1.12 billion, or NT$4.77 per share, in the full year, from NT$1.09 billion, or NT$4.61 per share.

As of March 30, US$1 was equivalent to NT$30.31.