Cheng Shin Rubber Ind. Co. Ltd. said its normalized net income for the fourth quarter came to 81 Taiwan cents per share, compared with the S&P Capital IQ consensus estimate of NT$1.22 per share.
EPS declined 21.6% year over year from NT$1.03.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$2.63 billion, a decrease of 21.5% from NT$3.35 billion in the year-earlier period.
The normalized profit margin declined to 9.6% from 11.0% in the year-earlier period.
Total revenue fell 10.1% year over year to NT$27.48 billion from NT$30.59 billion, and total operating expenses declined 9.6% from the prior-year period to NT$23.20 billion from NT$25.66 billion.
Reported net income fell 25.5% on an annual basis to NT$3.22 billion, or 99 cents per share, from NT$4.32 billion, or NT$1.33 per share.
For the year, the company's normalized net income totaled NT$3.36 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of NT$4.08.
EPS declined 17.6% from NT$4.07 in the prior year.
Normalized net income was NT$10.91 billion, a fall of 17.5% from NT$13.23 billion in the prior year.
Full-year total revenue declined 9.5% year over year to NT$116.73 billion from NT$129.01 billion, and total operating expenses declined 9.0% year over year to NT$98.11 billion from NT$107.82 billion.
The company said reported net income decreased 20.2% year over year to NT$12.77 billion, or NT$3.93 per share, in the full year, from NT$16.01 billion, or NT$4.93 per share.
As of March 24, US$1 was equivalent to NT$32.51.