BIM Birlesik Magazalar AS said its fourth-quarter normalized net income amounted to 51 kurus per share, compared with the S&P Capital IQ consensus estimate of 55 kurus per share.

EPS rose 35.6% year over year from 37 kurus.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 150.8 million lira, an increase of 33.2% from 113.2 million lira in the prior-year period.

The normalized profit margin rose to 2.9% from 2.5% in the year-earlier period.

Total revenue grew 15.4% year over year to 5.23 billion lira from 4.54 billion lira, and total operating expenses increased 15.8% on an annual basis to 5.03 billion lira from 4.34 billion lira.

Reported net income increased 36.9% from the prior-year period to 193.2 million lira, or 65 kurus per share, from 141.1 million lira, or 46 kurus per share.

For the year, the company's normalized net income totaled 1.76 lira per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 2.13 lira.

EPS rose 13.9% from 1.54 lira in the prior year.

Normalized net income was 530.7 million lira, an increase of 13.4% from 468.1 million lira in the prior year.

Full-year total revenue rose 15.2% year over year to 20.07 billion lira from 17.43 billion lira, and total operating expenses increased 15.3% on an annual basis to 19.28 billion lira from 16.71 billion lira.

The company said reported net income grew 15.0% on an annual basis to 670.9 million lira, or 2.22 lira per share, in the full year, from 583.1 million lira, or 1.92 lira per share.

As of March 6, US$1 was equivalent to 3.71 Turkish lira.