Gourmet Master Co. Ltd. said its fourth-quarter normalized net income amounted to NT$2.58 per share, compared with the S&P Capital IQ consensus estimate of NT$2.81 per share.

EPS increased 46.2% year over year from NT$1.77.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$420.6 million, a gain of 46.2% from NT$287.7 million in the year-earlier period.

The normalized profit margin increased to 7.6% from 5.3% in the year-earlier period.

Total revenue rose on an annual basis to NT$5.52 billion from NT$5.45 billion, and total operating expenses fell on an annual basis to NT$4.84 billion from NT$4.96 billion.

Reported net income increased 43.7% on an annual basis to NT$503.6 million, or NT$3.09 per share, from NT$350.4 million, or NT$2.15 per share.

For the year, the company's normalized net income totaled NT$9.22 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of NT$10.40.

EPS rose 42.0% from NT$6.49 in the prior year.

Normalized net income was NT$1.50 billion, an increase of 42.0% from NT$1.06 billion in the prior year.

Full-year total revenue increased 7.8% from the prior-year period to NT$22.05 billion from NT$20.46 billion, and total operating expenses grew year over year to NT$19.69 billion from NT$18.78 billion.

The company said reported net income grew 52.8% on an annual basis to NT$1.74 billion, or NT$10.68 per share, in the full year, from NT$1.14 billion, or NT$6.99 per share.

As of March 28, US$1 was equivalent to NT$30.17.