Sappe PCL said its normalized net income for the fourth quarter came to 10 satang per share, compared with the S&P Capital IQ consensus estimate of 13 satang per share.
EPS rose 11.0% year over year from 9 satang.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 29.7 million baht, a gain of 8.9% from 27.3 million baht in the year-earlier period.
The normalized profit margin climbed to 4.7% from 4.3% in the year-earlier period.
Total revenue grew year over year to 638.3 million baht from 627.8 million baht, and total operating expenses rose year over year to 611.6 million baht from 585.9 million baht.
Reported net income increased 27.7% on an annual basis to 39.2 million baht, or 12 satang per share, from 30.7 million baht, or 10 satang per share.
For the year, the company's normalized net income totaled 80 satang per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 1.06 baht.
EPS declined 23.7% from 1.05 baht in the prior year.
Normalized net income was 242.4 million baht, a fall of 13.9% from 281.5 million baht in the prior year.
Full-year total revenue fell 10.4% from the prior-year period to 2.55 billion baht from 2.85 billion baht, and total operating expenses declined 8.5% on an annual basis to 2.18 billion baht from 2.38 billion baht.
The company said reported net income decreased 16.4% on an annual basis to 301.7 million baht, or 1 baht per share, in the full year, from 360.8 million baht, or 1.35 baht per share.
As of Feb. 24, US$1 was equivalent to 35.69 baht.