O'Key Group S.A. said its second-half normalized net income was 3.68 Russian rubles per share, a gain of 62.8% from 2.26 rubles per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 990.1 million rubles, an increase of 62.8% from 608.2 million rubles in the year-earlier period.

Total revenue rose 6.0% year over year to 91.80 billion rubles from 86.63 billion rubles, and total operating expenses rose 6.0% on an annual basis to 88.46 billion rubles from 83.47 billion rubles.

Reported net income declined 50.0% on an annual basis to 648.4 million rubles, or 2.41 rubles per share, from 1.30 billion rubles, or 4.82 rubles per share.

For the year, the company's normalized net income totaled 2.55 rubles per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 3.77 rubles.

EPS declined 45.2% from 4.65 rubles in the prior year.

Normalized net income was 686.1 million rubles, a decline of 45.2% from 1.25 billion rubles in the prior year.

Full-year total revenue grew 8.0% from the prior-year period to 175.47 billion rubles from 162.51 billion rubles, and total operating expenses grew 9.4% year over year to 171.25 billion rubles from 156.56 billion rubles.

The company said reported net income totaled a loss of 137.8 million rubles, or a loss of 51 kopecks per share, in the full year, compared with income of 1.92 billion rubles, or 7.13 rubles per share, the prior year.

As of March 31, US$1 was equivalent to 56.35 Russian rubles.