February 14, 2012
ANV's combined net profit fell 20%
The consolidated net profit of Nam Viet Seafood JSC (ANV) fell 20% from a year earlier to VND52.39 billion (US$2.5 million) last year.
Revenues rose 23% on year to VND1.76 trillion (US$84.5 million) in 2011, ANV said in its consolidated quarterly financial report.
In the fourth quarter, ANV earned a net profit of VND27.54 billion (US$1.3 million) on revenues of VND550.8 billion (US$26.4 million), up 54.5% and 37.7% on year, respectively.
The seafood firm's total assets were VND2.2 trillion (US$105.6 million), including equity of VND1.45 trillion (US$69.6 million) at end-2011.
