La Kaffa International Co. Ltd. said its normalized net income for the fourth quarter came to 93 Taiwan cents per share, compared with the S&P Capital IQ consensus estimate of NT$1.09 per share.
EPS fell 36.0% year over year from NT$1.45.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$28.9 million, a decline of 30.0% from NT$41.3 million in the year-earlier period.
The normalized profit margin dropped to 6.2% from 9.3% in the year-earlier period.
Total revenue grew on an annual basis to NT$466.0 million from NT$444.5 million, and total operating expenses climbed 11.9% on an annual basis to NT$423.6 million from NT$378.5 million.
Reported net income declined 33.1% year over year to NT$35.2 million, or NT$1.13 per share, from NT$52.7 million, or NT$1.85 per share.
For the year, the company's normalized net income totaled NT$3.52 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of NT$4.28.
EPS declined 9.5% from NT$3.89 in the prior year.
Normalized net income was NT$111.5 million, an increase from NT$110.4 million in the prior year.
Full-year total revenue increased 17.0% on an annual basis to NT$1.65 billion from NT$1.41 billion, and total operating expenses increased 18.9% year over year to NT$1.49 billion from NT$1.26 billion.
The company said reported net income increased year over year to NT$139.1 million, or NT$4.39 per share, in the full year, from NT$134.2 million, or NT$4.73 per share.
As of March 29, US$1 was equivalent to NT$32.58.