Arcelik AS said its normalized net income for the fourth quarter came to 23 kurus per share, compared with the S&P Capital IQ consensus estimate of 18 kurus per share.
EPS rose 38.0% year over year from 16 kurus.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 152.2 million lira, an increase of 38.0% from 110.3 million lira in the year-earlier period.
The normalized profit margin increased to 3.7% from 3.2% in the year-earlier period.
Total revenue rose 19.6% year over year to 4.07 billion lira from 3.40 billion lira, and total operating expenses increased 17.7% from the prior-year period to 3.70 billion lira from 3.14 billion lira.
Reported net income increased 24.8% year over year to 211.0 million lira, or 31 kurus per share, from 169.0 million lira, or 25 kurus per share.
For the year, the company's normalized net income totaled 73 kurus per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 1.22 lira.
EPS rose 12.2% from 65 kurus in the prior year.
Normalized net income was 490.6 million lira, a gain of 12.2% from 437.2 million lira in the prior year.
Full-year total revenue rose 13.2% on an annual basis to 14.17 billion lira from 12.51 billion lira, and total operating expenses grew 13.2% on an annual basis to 13.02 billion lira from 11.51 billion lira.
The company said reported net income rose 44.4% year over year to 891.1 million lira, or 1.32 lira per share, in the full year, from 617.1 million lira, or 91 kurus per share.
As of Feb. 2, US$1 was equivalent to 2.95 Turkish lira.