Vietnamese garment and textiles manufacturer Sai Gon Garment Joint Stock Company (GMC) has posted annual profit of VND16.13bn (US$0.92m), up 14% on the prior year.

GMC, which supplies graments for companies including Nike, JC Penny, Nautica and The North Face, reported turnover of VND424.291bn during the year, up 19.21%.

Fourth quarter turnover was down 18.55% to VND83.82bn (US$4.9m) GMC said. Q4 net profit grew 183.5% to VND4.795bn.

The Ho Chi Minh city-based company currently sets its 2009 targets of VND340.12bn in revenue and VND18.824bn in profit.

By Ngo Tuan.