China Distance Education Holdings Ltd. said its normalized net income for the fiscal fourth quarter ended Sept. 30, 2015, amounted to 29 cents per share, compared with the S&P Capital IQ consensus estimate of 29 cents per share.
EPS climbed 10.2% year over year from 26 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $10.4 million, an increase of 10.6% from $9.4 million in the year-earlier period.
The normalized profit margin increased to 29.1% from 26.5% in the year-earlier period.
Total revenue came to $35.6 million, compared with $35.3 million in the year-earlier period, and total operating expenses fell year over year to $20.5 million from $21.0 million.
Reported net income fell 9.3% on an annual basis to $13.2 million, or 37 cents per share, from $14.6 million, or 38 cents per share.
For the year, the company's normalized net income totaled 53 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 64 cents.
EPS rose 8.4% from 49 cents in the prior year.
Normalized net income was $19.0 million, a gain of 10.9% from $17.2 million in the prior year.
Full-year total revenue grew 11.3% year over year to $108.2 million from $97.2 million, and total operating expenses rose 12.2% on an annual basis to $81.5 million from $72.6 million.
The company said reported net income grew on an annual basis to $24.4 million, or 68 cents per share, in the full year, from $23.9 million, or 67 cents per share.