Macauto Industrial Co. Ltd. said its fourth-quarter normalized net income was NT$1.80 per share, compared with the S&P Capital IQ consensus estimate of NT$2.81 per share.

EPS increased 5.0% year over year from NT$1.72.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$135.5 million, an increase from NT$129.6 million in the year-earlier period.

The normalized profit margin dropped to 13.3% from 15.7% in the year-earlier period.

Total revenue rose 23.0% year over year to NT$1.02 billion from NT$826.7 million, and total operating expenses grew 23.3% from the prior-year period to NT$799.3 million from NT$648.1 million.

Reported net income totaled NT$185.8 million, or NT$2.47 per share, compared to NT$184.1 million, or NT$2.44 per share, in the prior-year period.

For the year, the company's normalized net income totaled NT$6.67 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of NT$8.97.

EPS rose 19.7% from NT$5.57 in the prior year.

Normalized net income was NT$501.8 million, a gain of 19.8% from NT$419.0 million in the prior year.

Full-year total revenue rose 19.8% from the prior-year period to NT$3.73 billion from NT$3.11 billion, and total operating expenses grew 19.0% year over year to NT$2.95 billion from NT$2.48 billion.

The company said reported net income grew 12.4% year over year to NT$657.4 million, or NT$8.74 per share, in the full year, from NT$585.1 million, or NT$7.78 per share.

As of March 24, US$1 was equivalent to NT$32.51.