Hansae Co. Ltd. said its normalized net income for the fourth quarter was 692.28 South Korean won per share, a gain from 222.66 won per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 27.69 billion won, an increase from 8.89 billion won in the prior-year period.
The normalized profit margin climbed to 6.9% from 2.7% in the year-earlier period.
Total revenue climbed 24.0% year over year to 402.81 billion won from 324.85 billion won, and total operating expenses climbed 20.8% on an annual basis to 363.70 billion won from 301.07 billion won.
Reported net income rose on an annual basis to 33.51 billion won, or 837.68 won per share, from 8.26 billion won, or 206.72 won per share.
For the year, the company's normalized net income totaled 2,084.10 won per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 2,345.83 won.
EPS rose 57.3% from 1,324.97 won in the prior year.
Normalized net income was 83.36 billion won, an increase of 57.3% from 52.99 billion won in the prior year.
Full-year total revenue increased 20.8% on an annual basis to 1.587 trillion won from 1.313 trillion won, and total operating expenses increased 18.4% year over year to 1.444 trillion won from 1.220 trillion won.
The company said reported net income rose 67.5% year over year to 103.43 billion won, or 2,585.84 won per share, in the full year, from 61.75 billion won, or 1,544.00 won per share.
As of March 10, US$1 was equivalent to 1,203.54 South Korean won.