De Licacy Industrial Co. Ltd. said its normalized net income for the fourth quarter was 22 Taiwan cents per share, compared with the S&P Capital IQ consensus estimate of 48 cents per share.

EPS climbed year over year from 3 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$57.9 million, a gain from NT$7.4 million in the prior-year period.

The normalized profit margin increased to 2.6% from 0.4% in the year-earlier period.

Total revenue grew 16.3% year over year to NT$2.19 billion from NT$1.89 billion, and total operating expenses rose 9.3% from the prior-year period to NT$2.05 billion from NT$1.87 billion.

Reported net income decreased 88.1% from the prior-year period to NT$101.9 million, or 39 cents per share, from NT$854.1 million, or NT$3.56 per share.

For the year, the company's normalized net income totaled 80 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of NT$1.45.

EPS rose from 17 cents in the prior year.

Normalized net income was NT$200.3 million, a rise from NT$39.4 million in the prior year.

Full-year total revenue rose 25.4% from the prior-year period to NT$7.13 billion from NT$5.68 billion, and total operating expenses grew 18.7% on an annual basis to NT$6.71 billion from NT$5.66 billion.

The company said reported net income declined 64.0% on an annual basis to NT$322.6 million, or NT$1.29 per share, in the full year, from NT$895.1 million, or NT$3.76 per share.

As of March 28, US$1 was equivalent to NT$32.62.