PTT PCL said its fourth-quarter normalized net income was 5.67 baht per share, compared with the S&P Capital IQ consensus estimate of 8.82 baht per share.
EPS rose year over year from 5.48 baht.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 16.20 billion baht, a gain from 15.66 billion baht in the prior-year period.
The normalized profit margin rose to 3.4% from 3.3% in the year-earlier period.
Total revenue climbed year over year to 476.86 billion baht from 470.67 billion baht, and total operating expenses totaled 432.67 billion baht, compared with 433.95 billion baht in the year-earlier period.
Reported net income totaled 18.17 billion baht, or 6.36 baht per share, compared with a loss of 616.8 million baht, or a loss of 22 satang per share, in the year-earlier period.
For the year, the company's normalized net income totaled 22.61 baht per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 33.65 baht.
EPS declined from 23.96 baht in the prior year.
Normalized net income was 64.59 billion baht, a fall from 68.43 billion baht in the prior year.
Full-year total revenue decreased on an annual basis to 1.719 trillion baht from 2.026 trillion baht, and total operating expenses declined on an annual basis to 1.546 trillion baht from 1.875 trillion baht.
The company said reported net income grew 365.3% on an annual basis to 92.79 billion baht, or 32.49 baht per share, in the full year, from 19.94 billion baht, or 6.98 baht per share.
As of Feb. 16, US$1 was equivalent to 35 baht.
