LMA's 4Q net falls 20.5% to $4m

LMA International NV reported a 20.45% decrease in net profit for 4Q ended Dec 31, 2011.

Earnings fell to US$3.15 million ($4 million) from US$3.96 million a year ago despite a 9.2% increase in revenue to US$31.17 million.

Year to date, the group posted earnings of US$16.12 million, representing a 39.4% in- crease from a year ago.

Turnover increased 14.56% to a record US$123.89 million driven by strong performances in a number of international markets, above market growth in the US and integration of the acquisitions of Wolfe Tory Medical Inc and Vitaid Ltd.