Vietnam's leading textile and apparel manufacturer Thanh Cong Textile Garment (TCM)  has more than doubled its first quarter profit thanks to strong yarn and clothing exports.

Net profit rose by 149.5% to VND74bn (US$3.7m), helped by a 54.2% hike in first quarter revenue to VND625.61bn (US$ 31.28m) and reduced production costs. During the period, exports reached US$24.8m, a rise of 31.9% on the same quarter last year.
TCM, which is part-owned by Singapore-based E-Land Asia Holdings (itself a unit of Korean fashion group E-land Group), produces for brands like  JCPenney, CK, Tesco, Nautica and Target.