Fawaz Abdulaziz AlHokair & Co. said its normalized net income for the fiscal fourth quarter ended March 31 was 55 halalas per share, compared with the S&P Capital IQ consensus estimate of 91 halalas per share.
EPS rose year over year from 27 halalas.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 116.0 million riyals, a gain from 57.4 million riyals in the prior-year period.
The normalized profit margin rose to 7.4% from 4.2% in the year-earlier period.
Total revenue increased 18.9% year over year to 1.61 billion riyals from 1.36 billion riyals, and total operating expenses increased 13.2% year over year to 1.40 billion riyals from 1.24 billion riyals.
Reported net income grew 5.7% on an annual basis to 201.7 million riyals, or 96 halalas per share, from 190.8 million riyals, or 91 halalas per share.
For the year, the company's normalized net income totaled 2.41 riyals per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 3.64 riyals.
EPS rose 16.5% from 2.07 riyals in the prior year.
Normalized net income was 505.4 million riyals, an increase of 16.5% from 433.7 million riyals in the prior year.
Full-year total revenue increased 25.8% year over year to 6.90 billion riyals from 5.48 billion riyals, and total operating expenses rose 27.1% on an annual basis to 6.05 billion riyals from 4.76 billion riyals.
The company said reported net income rose year over year to 803.0 million riyals, or 3.82 riyals per share, in the full year, from 771.4 million riyals, or 3.67 riyals per share.
As of May 14, US$1 was equivalent to 3.75 Saudi Arabian riyals.
