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Namchow Holdings Q4 profit climbs 15.9% YOY

Namchow Holdings Co. Ltd. said its fourth-quarter normalized net income came to NT$1.19 per share, compared with the S&P Capital IQ consensus estimate of NT$1.04 per share.

EPS rose 15.9% year over year from NT$1.02.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$294.9 million, a gain of 15.9% from NT$254.4 million in the prior-year period.

The normalized profit margin climbed to 7.4% from 6.7% in the year-earlier period.

Total revenue rose 5.2% on an annual basis to NT$4.01 billion from NT$3.81 billion, and total operating expenses climbed from the prior-year period to NT$3.48 billion from NT$3.39 billion.

Reported net income rose 24.5% on an annual basis to NT$290.9 million, or NT$1.17 per share, from NT$233.6 million, or 94 cents per share.

For the year, the company's normalized net income totaled NT$4.19 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of NT$4.00.

EPS rose 12.5% from NT$3.73 in the prior year.

Normalized net income was NT$1.04 billion, a rise of 12.5% from NT$925.6 million in the prior year.

Full-year total revenue increased from the prior-year period to NT$15.48 billion from NT$14.83 billion, and total operating expenses rose year over year to NT$13.52 billion from NT$13.25 billion.

The company said reported net income grew 17.3% on an annual basis to NT$1.11 billion, or NT$4.48 per share, in the full year, from NT$948.7 million, or NT$3.82 per share.

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