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Kia Motors profit beats consensus by 39.8% in Q4

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Kia Motors profit beats consensus by 39.8% in Q4

Kia Motors Corp. said its normalized net income for the fourth quarter amounted to 2,021.87 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 1,446.75 won per share.

EPS fell 21.2% year over year from 2,566.60 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 810.63 billion won, a decline of 22.0% from 1.039 trillion won in the prior-year period.

The normalized profit margin was 1.1%.

Total revenue climbed 9.3% year over year to 12.792 trillion won from 11.702 trillion won, and total operating expenses climbed 9.6% on an annual basis to 12.277 trillion won from 11.201 trillion won.

Reported net income fell from the prior-year period to 430.79 billion won, or 1,074.49 won per share, from 436.18 billion won, or 1,077.61 won per share.

For the year, the company's normalized net income totaled 4,921.78 won per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 7,092.01 won.

EPS declined from 5,937.68 won in the prior year.

Normalized net income was 1.974 trillion won, a decrease from 2.404 trillion won in the prior year.

Full-year total revenue grew year over year to 49.521 trillion won from 47.097 trillion won, and total operating expenses rose on an annual basis to 47.167 trillion won from 44.525 trillion won.

The company said reported net income fell year over year to 2.631 trillion won, or 6,559.30 won per share, in the full year, from 2.994 trillion won, or 7,393.00 won per share.

As of April 14, US$1 was equivalent to 1,153.55 South Korean won.