Stella International Holdings Ltd. said its second-half normalized net income was 6 cents per share, a decrease of 9.5% from 7 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $47.5 million, a decrease of 9.5% from $52.4 million in the prior-year period.

Total revenue increased year over year to $971.8 million from $940.5 million, and total operating expenses increased year over year to $904.0 million from $862.3 million.

Reported net income decreased from the prior-year period to $67.0 million, or 8 cents per share, from $68.1 million, or 9 cents per share.

For the year, the company's normalized net income totaled 11 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 16 cents.

EPS declined from 11 cents in the prior year.

Normalized net income was $83.6 million, a fall from $87.7 million in the prior year.

Full-year total revenue grew 6.4% on an annual basis to $1.77 billion from $1.66 billion, and total operating expenses rose 7.9% year over year to $1.66 billion from $1.53 billion.

The company said reported net income came to $121.0 million, or 15 cents per share, in the full year, compared with $120.7 million, or 15 cents per share, the prior year.