La Doria SpA said its fourth-quarter normalized net income was 36 euro cents per share, an increase of 38.4% from 26 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €11.1 million, an increase of 40.2% from €7.9 million in the prior-year period.

The normalized profit margin climbed to 6.1% from 4.7% in the year-earlier period.

Total revenue rose 10.1% year over year to €184.0 million from €167.1 million, and total operating expenses climbed 13.6% on an annual basis to €173.8 million from €153.0 million.

Reported net income increased 63.3% on an annual basis to €15.0 million, or 49 cents per share, from €9.2 million, or 30 cents per share.

For the year, the company's normalized net income totaled €1.22 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 93 cents.

EPS rose 64.8% from 74 cents in the prior year.

Normalized net income was €37.9 million, a gain of 66.9% from €22.7 million in the prior year.

Full-year total revenue grew 17.7% year over year to €755.7 million from €642.3 million, and total operating expenses increased 17.4% on an annual basis to €697.4 million from €594.2 million.

The company said reported net income rose 79.7% on an annual basis to €44.8 million, or €1.45 per share, in the full year, from €25.0 million, or 82 cents per share.