Viña San Pedro Tarapacá S.A. said its fourth-quarter normalized net income amounted to 14 Chilean centavos per share, a gain from 7 centavos per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 5.47 billion pesos, a gain from 2.65 billion pesos in the prior-year period.

The normalized profit margin increased to 11.6% from 6.2% in the year-earlier period.

Total revenue grew 10.9% on an annual basis to 47.11 billion pesos from 42.47 billion pesos, and total operating expenses climbed on an annual basis to 38.91 billion pesos from 37.55 billion pesos.

Reported net income increased 88.9% on an annual basis to 6.79 billion pesos, or 17 centavos per share, from 3.60 billion pesos, or 9 centavos per share.

For the year, the company's normalized net income totaled 52 centavos per share, an increase of 42.3% from 36 centavos per share in the prior year.

Normalized net income was 20.71 billion pesos, a gain of 42.3% from 14.55 billion pesos in the prior year.

Full-year total revenue rose 10.0% from the prior-year period to 189.52 billion pesos from 172.35 billion pesos, and total operating expenses rose 6.0% on an annual basis to 156.68 billion pesos from 147.79 billion pesos.

The company said reported net income grew 35.4% on an annual basis to 25.98 billion pesos, or 65 centavos per share, in the full year, from 19.19 billion pesos, or 48 centavos per share.

As of Feb. 3, US$1 was equivalent to 709.65 Chilean pesos.