BAIKSAN Co. Ltd. said its normalized net income for the fourth quarter was 185.77 South Korean won per share, an increase of 17.2% from 158.47 won per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 4.44 billion won, a gain of 15.9% from 3.83 billion won in the year-earlier period.
The normalized profit margin rose to 8.4% from 8.0% in the year-earlier period.
Total revenue rose 10.6% year over year to 53.04 billion won from 47.94 billion won, and total operating expenses increased 7.8% from the prior-year period to 47.40 billion won from 43.96 billion won.
Reported net income rose 21.8% from the prior-year period to 4.56 billion won, or 190.88 won per share, from 3.74 billion won, or 154.99 won per share.
For the year, the company's normalized net income totaled 754.06 won per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 861.00 won.
EPS rose 11.3% from 677.40 won in the prior year.
Normalized net income was 17.89 billion won, a gain of 9.2% from 16.39 billion won in the prior year.
Full-year total revenue rose 16.7% year over year to 200.79 billion won from 172.07 billion won, and total operating expenses increased 12.3% year over year to 174.09 billion won from 155.08 billion won.
The company said reported net income grew 41.6% year over year to 21.86 billion won, or 921.51 won per share, in the full year, from 15.44 billion won, or 638.00 won per share.
As of March 16, US$1 was equivalent to 1,126.74 South Korean won.