Erawan Group PCL said its normalized net income for the fourth quarter amounted to 3 satang per share, compared with the S&P Capital IQ consensus estimate of 3 satang per share.

EPS rose year over year from 1 satang.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 78.7 million baht, an increase from 34.0 million baht in the year-earlier period.

The normalized profit margin climbed to 5.5% from 2.5% in the year-earlier period.

Total revenue climbed year over year to 1.39 billion baht from 1.36 billion baht, and total operating expenses decreased on an annual basis to 1.16 billion baht from 1.20 billion baht.

Reported net income increased 96.8% from the prior-year period to 103.5 million baht, or 4 satang per share, from 52.6 million baht, or 2 satang per share.

For the year, the company's normalized net income totaled 7 satang per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 8 satang.

EPS was a loss of 3 satang in the prior year.

Normalized net income was 170.1 million baht, compared with a loss of 82.6 million baht in the prior year.

Full-year total revenue grew 22.7% on an annual basis to 5.29 billion baht from 4.31 billion baht, and total operating expenses rose 12.1% on an annual basis to 4.60 billion baht from 4.10 billion baht.

The company said reported net income came to 198.0 million baht, or 8 satang per share, in the full year, compared with a loss of 111.6 million baht, or a loss of 5 satang per share, the prior year.

As of Feb. 23, US$1 was equivalent to 35.75 baht.