Nongshim Co. Ltd. said its normalized net income for the fourth quarter amounted to 3,900.22 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 1,935.89 won per share.
EPS rose year over year from 1,944.77 won.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 22.55 billion won, an increase from 11.25 billion won in the prior-year period.
The normalized profit margin rose to 4.0% from 2.2% in the year-earlier period.
Total revenue increased 8.7% on an annual basis to 566.23 billion won from 520.99 billion won, and total operating expenses grew 6.2% from the prior-year period to 537.35 billion won from 505.90 billion won.
Reported net income rose from the prior-year period to 28.41 billion won, or 4,912.24 won per share, from 8.23 billion won, or 1,422.34 won per share.
For the year, the company's normalized net income totaled 14,473.42 won per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 18,637.12 won.
EPS rose 42.8% from 10,137.71 won in the prior year.
Normalized net income was 83.69 billion won, a rise of 42.8% from 58.62 billion won in the prior year.
Full-year total revenue rose 6.9% from the prior-year period to 2.182 trillion won from 2.042 trillion won, and total operating expenses rose on an annual basis to 2.063 trillion won from 1.968 trillion won.
The company said reported net income grew 80.5% year over year to 117.34 billion won, or 20,291.44 won per share, in the full year, from 65.00 billion won, or 11,241.00 won per share.
As of March 3, US$1 was equivalent to 1,211.12 South Korean won.