Imvescor Restaurant Group Inc. said its normalized net income for the fiscal fourth quarter ended Oct. 25, 2015, amounted to 6 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 4 cents per share.

EPS rose 51.0% year over year from 4 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$2.9 million, a gain of 83.2% from C$1.6 million in the year-earlier period.

The normalized profit margin rose to 24.0% from 14.7% in the year-earlier period.

Total revenue increased on an annual basis to C$11.1 million from C$10.8 million, and total operating expenses declined 18.5% on an annual basis to C$6.2 million from C$7.6 million.

Reported net income totaled C$3.6 million, or 7 cents per share, compared to a loss of C$695,620, or a loss of 2 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled 16 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 16 cents.

EPS rose 13.5% from 14 cents in the prior year.

Normalized net income was C$8.8 million, a gain of 13.3% from C$7.7 million in the prior year.

Full-year total revenue fell year over year to C$44.5 million from C$46.6 million, and total operating expenses declined 10.1% on an annual basis to C$28.8 million from C$32.0 million.

The company said reported net income increased 72.5% year over year to C$10.1 million, or 19 cents per share, in the full year, from C$5.9 million, or 11 cents per share.