Makalot Industrial Co. Ltd. said its fourth-quarter normalized net income came to NT$1.71 per share, compared with the S&P Capital IQ consensus estimate of NT$2.24 per share.

EPS climbed 19.7% year over year from NT$1.43.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$360.5 million, an increase of 17.5% from NT$306.8 million in the prior-year period.

The normalized profit margin climbed to 6.4% from 5.7% in the year-earlier period.

Total revenue grew year over year to NT$5.61 billion from NT$5.37 billion, and total operating expenses rose year over year to NT$5.02 billion from NT$4.95 billion.

Reported net income rose 12.6% from the prior-year period to NT$458.6 million, or NT$2.18 per share, from NT$407.2 million, or NT$1.90 per share.

For the year, the company's normalized net income totaled NT$7.93 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of NT$10.45.

EPS rose 19.3% from NT$6.65 in the prior year.

Normalized net income was NT$1.67 billion, an increase of 27.0% from NT$1.31 billion in the prior year.

Full-year total revenue increased 11.8% year over year to NT$23.36 billion from NT$20.89 billion, and total operating expenses increased 10.1% year over year to NT$20.71 billion from NT$18.80 billion.

The company said reported net income rose 26.4% year over year to NT$2.16 billion, or NT$10.30 per share, in the full year, from NT$1.71 billion, or NT$8.68 per share.

As of March 30, US$1 was equivalent to NT$32.18.