China International Travel Service Corp. Ltd said its fourth-quarter normalized net income came to 14 fen per share, compared with the S&P Capital IQ consensus estimate of 15 fen per share.
EPS increased 59.6% year over year from 9 fen.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 268.4 million yuan, a gain of 59.6% from 168.2 million yuan in the prior-year period.
The normalized profit margin rose to 4.5% from 3.1% in the year-earlier period.
Total revenue rose 8.1% on an annual basis to 5.94 billion yuan from 5.50 billion yuan, and total operating expenses grew 6.2% year over year to 5.52 billion yuan from 5.20 billion yuan.
Reported net income increased 85.5% year over year to 347.5 million yuan, or 18 fen per share, from 187.3 million yuan, or 10 fen per share.
For the year, the company's normalized net income totaled 73 fen per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 88 fen.
EPS rose 17.2% from 62 fen in the prior year.
Normalized net income was 1.43 billion yuan, a rise of 17.2% from 1.22 billion yuan in the prior year.
Full-year total revenue rose 5.2% on an annual basis to 22.39 billion yuan from 21.29 billion yuan, and total operating expenses grew on an annual basis to 19.98 billion yuan from 19.16 billion yuan.
The company said reported net income increased 20.1% year over year to 1.81 billion yuan, or 93 fen per share, in the full year, from 1.51 billion yuan, or 77 fen per share.
As of April 28, US$1 was equivalent to 6.90 yuan.