Oriental Daily, 21 February 2014 – Tropicana Q4 net profit growth 313%

Oriental Daily, 21 February 2014

Tropicana Corporation Berhad’s net profit rose 313% for the final quarter.

Tropicana Corporation Berhad (Trop, 5401) announced that in the last quarter of the fiscal year 2013 (ended December 31), the company recorded a net annual growth of 313% to RM256.5 million compared to last year’s fourth quarter net profit, which was RM62.1 million.

The final quarter of the company's current projected turnover will grow 90%, to RM444.7 million.

The company's turnover for the full year rose 134% to RM1, 475.5 million, and net profits of RM171.1 million, increased by 112% to RM362.3 million.