Hota Industrial Mfg. Co. Ltd. said its fourth-quarter normalized net income came to 98 Taiwan cents per share, compared with the S&P Capital IQ consensus estimate of NT$1.24 per share.
EPS increased 45.7% year over year from 67 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$230.9 million, a gain of 44.1% from NT$160.3 million in the prior-year period.
The normalized profit margin increased to 16.6% from 14.1% in the year-earlier period.
Total revenue grew 26.5% on an annual basis to NT$1.44 billion from NT$1.14 billion, and total operating expenses rose 14.5% year over year to NT$1.06 billion from NT$922.1 million.
Reported net income rose 32.3% on an annual basis to NT$294.4 million, or NT$1.25 per share, from NT$222.6 million, or 93 cents per share.
For the year, the company's normalized net income totaled NT$3.54 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of NT$4.52.
EPS rose 54.7% from NT$2.29 in the prior year.
Normalized net income was NT$832.8 million, a gain of 54.4% from NT$539.4 million in the prior year.
Full-year total revenue rose 25.1% on an annual basis to NT$5.30 billion from NT$4.24 billion, and total operating expenses increased 15.5% on an annual basis to NT$4.01 billion from NT$3.48 billion.
The company said reported net income rose 52.3% on an annual basis to NT$1.09 billion, or NT$4.61 per share, in the full year, from NT$712.9 million, or NT$3.02 per share.
As of March 29, US$1 was equivalent to NT$32.58.