Ceylon Tobacco Co. PLC said its normalized net income for the fourth quarter amounted to 11.30 Sri Lankan rupees per share, a decline from 11.62 rupees per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.12 billion rupees, a decrease from 2.18 billion rupees in the prior-year period.
The normalized profit margin fell to 35.6% from 37.4% in the year-earlier period.
Total revenue grew year over year to 5.96 billion rupees from 5.82 billion rupees, and total operating expenses grew 11.7% on an annual basis to 2.73 billion rupees from 2.44 billion rupees.
Reported net income decreased 7.8% on an annual basis to 1.83 billion rupees, or 9.79 rupees per share, from 1.99 billion rupees, or 10.61 rupees per share.
For the year, the company's normalized net income totaled 60.68 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 58.00 rupees.
EPS rose 24.5% from 48.75 rupees in the prior year.
Normalized net income was 11.37 billion rupees, an increase of 24.5% from 9.13 billion rupees in the prior year.
Full-year total revenue grew 20.1% from the prior-year period to 26.10 billion rupees from 21.74 billion rupees, and total operating expenses rose 12.5% year over year to 8.47 billion rupees from 7.53 billion rupees.
The company said reported net income rose 23.4% year over year to 10.63 billion rupees, or 56.77 rupees per share, in the full year, from 8.62 billion rupees, or 46.01 rupees per share.
As of March 9, US$1 was equivalent to 144.99 Sri Lankan rupees.