Kroton Educacional SA said its fourth-quarter normalized net income came to 33 Brazilian centavos per share, compared with the S&P Capital IQ consensus estimate of 29 centavos per share.
EPS rose year over year from 13 centavos.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 543.9 million reais, an increase from 213.4 million reais in the year-earlier period.
The normalized profit margin rose to 28.9% from 16.0% in the year-earlier period.
Total revenue grew 41.1% on an annual basis to 1.88 billion reais from 1.33 billion reais, and total operating expenses rose 5.5% on an annual basis to 1.04 billion reais from 988.2 million reais.
Reported net income increased from the prior-year period to 871.8 million reais, or 53 centavos per share, from 292.6 million reais, or 18 centavos per share.
For the year, the company's normalized net income totaled 74 centavos per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 1.20 reais.
EPS rose 28.3% from 58 centavos in the prior year.
Normalized net income was 1.21 billion reais, an increase of 29.6% from 935.3 million reais in the prior year.
Full-year total revenue totaled 5.24 billion reais, compared with 5.27 billion reais in the prior year, and total operating expenses declined 8.4% on an annual basis to 3.45 billion reais from 3.77 billion reais.
The company said reported net income increased 33.9% on an annual basis to 1.87 billion reais, or 1.14 reais per share, in the full year, from 1.39 billion reais, or 86 centavos per share.
As of March 22, US$1 was equivalent to 3.09 reais.