February 10, 2012
Vietnam's TS4 2011 net profit soars 51.3%
Vietnamese seafood JSC No. four or Seapriexco No4 (TS4) said its consolidated net profit in 2011 soared 51.3% from a year earlier to VND40.32 billion (US$1.93 million).
Revenues grew 70.6% on year to VND755.22 billion (US$36.2 million) in 2011, TS4 said in its consolidated quarterly financial report.
The full-year earnings per share was VND3,872 (US$0.19).
In the fourth quarter, TS4 earned a net profit of VND24.66 billion (US$1.2 million) on revenues of VND297.79 billion (US$14.3 million), up 211% and 107.5% on year, respectively.
The seafood exporter's total assets rose 32.8% from end-2010 to VND729.39 billion (US$35 million), including equity of VND258.66 billion (US$12.4 million) at end-2011.
