Dom Development SA said its normalized net income for the fourth quarter came to 2.06 zlotys per share, a gain from 1.01 zlotys per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 51.0 million zlotys, an increase from 25.0 million zlotys in the year-earlier period.
The normalized profit margin rose to 10.6% from 9.5% in the year-earlier period.
Total revenue grew 82.7% on an annual basis to 480.0 million zlotys from 262.8 million zlotys, and total operating expenses climbed 78.7% year over year to 398.2 million zlotys from 222.8 million zlotys.
Reported net income grew from the prior-year period to 66.0 million zlotys, or 2.66 zlotys per share, from 29.7 million zlotys, or 1.19 zlotys per share.
For the year, the company's normalized net income totaled 2.53 zlotys per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 3.33 zlotys.
EPS rose 38.3% from 1.83 zlotys in the prior year.
Normalized net income was 62.8 million zlotys, a gain of 38.3% from 45.4 million zlotys in the prior year.
Full-year total revenue grew 15.3% year over year to 904.2 million zlotys from 784.3 million zlotys, and total operating expenses increased 12.6% on an annual basis to 801.7 million zlotys from 712.2 million zlotys.
The company said reported net income grew 44.5% on an annual basis to 80.6 million zlotys, or 3.25 zlotys per share, in the full year, from 55.8 million zlotys, or 2.25 zlotys per share.
As of Feb. 29, US$1 was equivalent to 4.00 zlotys.