Telecommunications Industry Electronics JSC. (TIE) made a net profit of VND15.1 billion in Q4/2011, up 88.44% from a year ago, the firm said in its financial statements posted on the HOSE’s website.
The HOSE-listed company generated total revenue of VND149.74 billion in the quarter, compared to VND91 billion over the same period of last year.
The company attributed its higher profit to a 105.45% on year increase in profit from joint-venture companies and lower interest expenses.
Source HOSE
