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Sociedad Aní³nima Viña Santa Rita Q4 profit climbs YOY

Sociedad Anónima Viña Santa Rita said its fourth-quarter normalized net income was 3.50 Chilean pesos per share, an increase from 1.41 pesos per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.62 billion pesos, an increase from 1.46 billion pesos in the prior-year period.

The normalized profit margin climbed to 7.9% from 4.2% in the year-earlier period.

Total revenue rose 31.5% on an annual basis to 46.07 billion pesos from 35.03 billion pesos, and total operating expenses rose 28.9% year over year to 41.00 billion pesos from 31.82 billion pesos.

Reported net income rose 79.1% year over year to 4.43 billion pesos, or 4.28 pesos per share, from 2.47 billion pesos, or 2.39 pesos per share.

For the year, the company's normalized net income totaled 9.69 pesos per share, a gain of 31.9% from 7.35 pesos per share in the prior year.

Normalized net income was 10.03 billion pesos, a rise of 31.9% from 7.60 billion pesos in the prior year.

Full-year total revenue rose 14.6% year over year to 154.60 billion pesos from 134.93 billion pesos, and total operating expenses grew 15.9% year over year to 139.05 billion pesos from 119.95 billion pesos.

The company said reported net income rose 22.7% on an annual basis to 12.41 billion pesos, or 11.99 pesos per share, in the full year, from 10.11 billion pesos, or 9.77 pesos per share.

As of March 2, US$1 was equivalent to 687.79 Chilean pesos.