Duncan Fox S.A. said its fourth-quarter normalized net income amounted to 34.06 Chilean pesos per share, a decrease of 14.3% from 39.76 pesos per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.41 billion pesos, a decrease of 14.3% from 3.98 billion pesos in the year-earlier period.
The normalized profit margin dropped to 8.6% from 10.9% in the year-earlier period.
Total revenue grew 8.8% year over year to 39.82 billion pesos from 36.61 billion pesos, and total operating expenses climbed 5.0% from the prior-year period to 33.28 billion pesos from 31.70 billion pesos.
Reported net income fell 19.1% from the prior-year period to 4.40 billion pesos, or 43.98 pesos per share, from 5.43 billion pesos, or 54.34 pesos per share.
For the year, the company's normalized net income totaled 108.29 pesos per share, a decrease of 8.1% from 117.85 pesos per share in the prior year.
Normalized net income was 10.83 billion pesos, a decline of 8.1% from 11.78 billion pesos in the prior year.
Full-year total revenue rose 11.7% year over year to 149.14 billion pesos from 133.47 billion pesos, and total operating expenses increased 10.1% year over year to 126.52 billion pesos from 114.94 billion pesos.
The company said reported net income declined 13.2% year over year to 13.50 billion pesos, or 135.00 pesos per share, in the full year, from 15.56 billion pesos, or 155.59 pesos per share.
As of March 24, US$1 was equivalent to 683.51 Chilean pesos.