Cub Elecparts Inc. said its normalized net income for the fourth quarter amounted to NT$2.01 per share, compared with the S&P Capital IQ consensus estimate of NT$3.26 per share.

EPS increased 8.2% year over year from NT$1.85.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$202.9 million, a gain of 8.9% from NT$186.3 million in the prior-year period.

The normalized profit margin dropped to 27.4% from 28.8% in the year-earlier period.

Total revenue climbed 14.6% on an annual basis to NT$739.9 million from NT$645.9 million, and total operating expenses increased 7.2% on an annual basis to NT$412.3 million from NT$384.5 million.

Reported net income increased 13.1% from the prior-year period to NT$277.3 million, or NT$2.74 per share, from NT$245.1 million, or NT$2.44 per share.

For the year, the company's normalized net income totaled NT$8.03 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of NT$12.84.

EPS rose 47.5% from NT$5.44 in the prior year.

Normalized net income was NT$813.5 million, a gain of 47.9% from NT$550.1 million in the prior year.

Full-year total revenue increased 30.9% year over year to NT$2.82 billion from NT$2.16 billion, and total operating expenses rose 17.9% on an annual basis to NT$1.57 billion from NT$1.33 billion.

The company said reported net income rose 50.0% year over year to NT$1.12 billion, or NT$11.06 per share, in the full year, from NT$747.2 million, or NT$7.39 per share.

As of March 28, US$1 was equivalent to NT$32.62.