This will be a 2 part review for Financial Year ending 2011 where the first part will be on the financial statement while the second will be business prospect of VICOM and SETSCO. Ending 2011, VICOM has once again achieved a remarkable result, breaking new highs and continue its track record of 8 years of top and bottom line growth. For FY 2011, revenue increases by 8.05% while net profit increases by 14.2%. From 2004 to 2011, total profit has grown by 300% which is a compounded annual growth rate of 17% for 7 years. This is the typical Lynch stock - the unattractive business which has been able to grow its profit at double digits without people noticing it. Net profit margin hit a new high at 28.3% from 18.0% in 2004. This is what that has really been spectacular about ......