M. Dias Branco S.A. Indústria e Comércio de Alimentos said its normalized net income for the fourth quarter came to 40 Brazilian centavos per share, compared with the S&P Capital IQ consensus estimate of 75 centavos per share.
EPS rose 79.2% year over year from 22 centavos.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 134.2 million reais, a gain of 80.3% from 74.4 million reais in the prior-year period.
The normalized profit margin climbed to 9.6% from 6.2% in the year-earlier period.
Total revenue increased 16.8% on an annual basis to 1.40 billion reais from 1.20 billion reais, and total operating expenses rose 10.3% on an annual basis to 1.20 billion reais from 1.09 billion reais.
Reported net income increased 92.4% from the prior-year period to 236.1 million reais, or 70 centavos per share, from 122.7 million reais, or 36 centavos per share.
For the year, the company's normalized net income totaled 1.59 reais per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 2.34 reais.
EPS rose 28.6% from 1.24 reais in the prior year.
Normalized net income was 539.3 million reais, a gain of 28.4% from 420.1 million reais in the prior year.
Full-year total revenue rose 15.3% from the prior-year period to 5.33 billion reais from 4.62 billion reais, and total operating expenses rose 12.1% on an annual basis to 4.50 billion reais from 4.01 billion reais.
The company said reported net income increased 29.9% year over year to 784.4 million reais, or 2.31 reais per share, in the full year, from 603.9 million reais, or 1.78 reais per share.
As of March 6, US$1 was equivalent to 3.11 reais.