KMC (Kuei Meng) International Inc. said its normalized net income for the fourth quarter amounted to 97 Taiwan cents per share, compared with the S&P Capital IQ consensus estimate of NT$1.43 per share.

EPS rose 52.3% year over year from 64 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$116.7 million, a gain of 67.5% from NT$69.7 million in the prior-year period.

The normalized profit margin increased to 12.7% from 8.9% in the year-earlier period.

Total revenue rose 17.5% year over year to NT$918.1 million from NT$781.3 million, and total operating expenses rose 10.2% from the prior-year period to NT$742.8 million from NT$674.3 million.

Reported net income grew 72.2% from the prior-year period to NT$172.0 million, or NT$1.43 per share, from NT$99.9 million, or 91 cents per share.

For the year, the company's normalized net income totaled NT$4.81 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of NT$5.70.

EPS rose 53.7% from NT$3.13 in the prior year.

Normalized net income was NT$541.8 million, a rise of 61.4% from NT$335.7 million in the prior year.

Full-year total revenue rose 21.4% from the prior-year period to NT$3.37 billion from NT$2.78 billion, and total operating expenses rose 16.9% year over year to NT$2.62 billion from NT$2.24 billion.

The company said reported net income grew 51.3% year over year to NT$699.6 million, or NT$6.21 per share, in the full year, from NT$462.3 million, or NT$4.31 per share.

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