January 23, 2012

Vietnam's AAM 2011 net revenue soars 38.8%

Vietnam's Mekong Fisheries JSC (AAM) said its net profit rose 38.8% from a year earlier to VND63.41 billion (US$3.05 million) last year.

Revenues rose 27.8% on year to VND639.3 billion (US$30.7 million) in 2011, AAM said in a statement sent to the bourse.

The full-year earnings per share was VND6,938 (US$0.33), versus VND4,075 (US$0.20) in 2010.

In the fourth quarter, AAM earned a net profit of VND12.15 billion (US$584,000) on revenues of VND150.94 billion (US$7.3 million), up 24% and 4% on year, respectively.

Its total assets fell 0.8% from end-2010 to VND328.6 billion (US$15.8 million), including equity of VND286.3 billion (US$13.8 million) at end-2011.