FGV Holdings Berhad said its fourth-quarter normalized net income amounted to 6 Malaysian sen per share, compared with the S&P Capital IQ consensus estimate of 3 sen per share.
EPS climbed year over year from 3 sen.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 235.3 million ringgits, a gain from 112.5 million ringgits in the year-earlier period.
The normalized profit margin rose to 4.6% from 2.7% in the year-earlier period.
Total revenue grew 24.3% on an annual basis to 5.15 billion ringgits from 4.15 billion ringgits, and total operating expenses rose 22.9% year over year to 4.88 billion ringgits from 3.97 billion ringgits.
Reported net income fell 14.7% from the prior-year period to 129.8 million ringgits, or 4 sen per share, from 152.2 million ringgits, or 4 sen per share.
For the year, the company's normalized net income totaled 5 sen per share, compared with the S&P Capital IQ consensus normalized EPS estimate of a loss of 2 sen.
EPS rose 62.0% from 3 sen in the prior year.
Normalized net income was 182.0 million ringgits, a rise of 62.0% from 112.3 million ringgits in the prior year.
Full-year total revenue grew 10.8% from the prior-year period to 17.24 billion ringgits from 15.56 billion ringgits, and total operating expenses increased 11.4% on an annual basis to 16.81 billion ringgits from 15.08 billion ringgits.
The company said reported net income declined 68.2% year over year to 34.2 million ringgits, or 1 sen per share, in the full year, from 107.7 million ringgits, or 3 sen per share.
As of April 26, US$1 was equivalent to 4.35 ringgits.