Zig Sheng Industrial Co. Ltd. said its normalized net income for the fourth quarter amounted to 11 Taiwan cents per share, compared with the S&P Capital IQ consensus estimate of 15 cents per share.
EPS increased 88.5% year over year from 6 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$65.3 million, an increase of 88.7% from NT$34.6 million in the prior-year period.
The normalized profit margin increased to 1.8% from 1.0% in the year-earlier period.
Total revenue climbed on an annual basis to NT$3.61 billion from NT$3.50 billion, and total operating expenses increased on an annual basis to NT$3.53 billion from NT$3.47 billion.
Reported net income grew from the prior-year period to NT$110.3 million, or 18 cents per share, from NT$24.5 million, or 3 cents per share.
For the year, the company's normalized net income totaled NT$162.2 million, compared with a loss of NT$-5.1 million in the prior year.
Full-year total revenue declined 13.0% year over year to NT$13.05 billion from NT$14.99 billion, and total operating expenses declined 14.7% on an annual basis to NT$12.85 billion from NT$15.07 billion.
The company said reported net income increased 54.6% on an annual basis to NT$208.2 million, or 34 cents per share, in the full year, from NT$134.7 million, or 22 cents per share.
As of March 27, US$1 was equivalent to NT$30.25.