Li Peng Enterprise Co. Ltd. said its fourth-quarter normalized net income amounted to 20 Taiwan cents per share, compared with the S&P Capital IQ consensus estimate of 22 cents per share.

The per-share result swung to a profit from the prior-year loss of 6 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$172.8 million, compared with a loss of NT$51.3 million in the year-earlier period.

The normalized profit margin rose to 4.4% from negative 1.5% in the year-earlier period.

Total revenue grew 10.9% year over year to NT$3.89 billion from NT$3.51 billion, and total operating expenses grew 6.1% year over year to NT$3.80 billion from NT$3.58 billion.

Reported net income came to NT$227.7 million, or 26 cents per share, compared to a loss of NT$61.0 million, or a loss of 7 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 7 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 18 cents.

EPS was 5 cents in the prior year.

Normalized net income was a loss of NT$57.2 million, compared with income of NT$40.0 million in the prior year.

Full-year total revenue fell 14.4% from the prior-year period to NT$14.28 billion from NT$16.68 billion, and total operating expenses fell 15.6% year over year to NT$14.29 billion from NT$16.92 billion.

The company said reported net income came to a loss of NT$85.8 million, or a loss of 10 cents per share, in the full year, compared with income of NT$17.4 million, or 2 cents per share, the prior year.

As of April 5, US$1 was equivalent to NT$30.36.