Agthia Group PJSC said its normalized net income for the fourth quarter was 5 United Arab Emirates fils per share, compared with the S&P Capital IQ consensus estimate of 10 fils per share.
EPS climbed 24.4% year over year from 4 fils.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 32.7 million dirhams, a gain of 25.3% from 26.1 million dirhams in the year-earlier period.
The normalized profit margin climbed to 6.6% from 6.2% in the year-earlier period.
Total revenue grew 16.0% year over year to 490.3 million dirhams from 422.8 million dirhams, and total operating expenses increased 15.6% from the prior-year period to 436.8 million dirhams from 377.8 million dirhams.
Reported net income increased 22.6% from the prior-year period to 52.2 million dirhams, or 9 fils per share, from 42.5 million dirhams, or 7 fils per share.
For the year, the company's normalized net income totaled 24 fils per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 40 fils.
EPS rose 20.1% from 20 fils in the prior year.
Normalized net income was 144.4 million dirhams, a gain of 20.1% from 120.2 million dirhams in the prior year.
Full-year total revenue grew 12.8% from the prior-year period to 1.87 billion dirhams from 1.66 billion dirhams, and total operating expenses grew 11.6% year over year to 1.63 billion dirhams from 1.46 billion dirhams.
The company said reported net income grew 19.7% on an annual basis to 231.3 million dirhams, or 39 fils per share, in the full year, from 193.3 million dirhams, or 32 fils per share.
As of Feb. 29, US$1 was equivalent to 3.67 United Arab Emirates dirhams.