Shenzhen Ellassay Fashion Co. Ltd. said its fourth-quarter normalized net income came to 12 fen per share, an increase from 5 fen per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 40.1 million yuan, an increase from 11.0 million yuan in the prior-year period.
The normalized profit margin climbed to 14.7% from 5.3% in the year-earlier period.
Total revenue increased 25.4% on an annual basis to 258.9 million yuan from 206.4 million yuan, and total operating expenses increased 9.3% year over year to 205.1 million yuan from 187.6 million yuan.
Reported net income increased 55.5% from the prior-year period to 54.8 million yuan, or 17 fen per share, from 35.2 million yuan, or 15 fen per share.
For the year, the company's normalized net income totaled 45 fen per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 49 fen.
EPS declined 6.5% from 48 fen in the prior year.
Normalized net income was 130.4 million yuan, an increase of 15.3% from 113.1 million yuan in the prior year.
Full-year total revenue increased 12.3% from the prior-year period to 835.3 million yuan from 744.0 million yuan, and total operating expenses grew 14.5% on an annual basis to 648.2 million yuan from 566.1 million yuan.
The company said reported net income grew 15.8% year over year to 159.8 million yuan, or 55 fen per share, in the full year, from 138.0 million yuan, or 59 fen per share.
As of April 14, US$1 was equivalent to 6.49 yuan.