Imperial Brands PLC said its normalized net income for the fiscal fourth quarter ended Sept. 30 was 37 Great British pence per share, an increase of 97.5% from 19 pence per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £352.3 million, an increase of 97.3% from £178.5 million in the year-earlier period.
The normalized profit margin rose to 8.8% from 4.7% in the year-earlier period.
Total revenue increased 6.4% year over year to £4.01 billion from £3.77 billion, and total operating expenses climbed from the prior-year period to £3.27 billion from £3.15 billion.
Reported net income increased 115.1% year over year to £366.6 million, or 38 pence per share, from £170.5 million, or 18 pence per share.
For the year, the company's normalized net income totaled £1.43 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of £2.69.
EPS rose from 75 pence in the prior year.
Normalized net income was £1.37 billion, a gain from £720.8 million in the prior year.
Full-year total revenue increased on an annual basis to £15.28 billion from £14.10 billion, and total operating expenses rose year over year to £12.64 billion from £11.72 billion.
The company said reported net income increased 123.1% on an annual basis to £1.41 billion, or £1.47 per share, in the full year, from £631.4 million, or 66 pence per share.
