Marine Products Corp. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported net sales of $27,937,000 compared to $20,814,000 for the same period in the previous year. Operating profit was $2,059,000 compared to $414,000 for the same period in the previous year. Income before income taxes was $4,340,000 compared to $710,000 for the same period in the previous year. Net income was $3,636,000 or $0.10 basic and diluted earnings per share compared to net income of $468,000 or $0.01 basic and diluted income per share for the same period in the previous year. The increase in net sales was due to a 37.4% increase in the number of boats sold. Unit sales increased in most of product lines, and also increased due to sales of Chaparral's H2O Sport and Fish & Ski Boats, and entry-level Robalo 180 and 200. The company's operating profit increased compared to the prior year primarily due to higher net sales and gross profit compared to the prior year. For the full year, the company reported net sales of $106,437,000 compared to $101,011,000 for the same period in the previous year. Operating profit was $5,376,000 compared to $3,720,000 for the same period in the previous year. Income before income taxes was $8,398,000 compared to $4,892,000 for the same period in the previous year. Net income was $6,731,000 or $0.18 basic and diluted earnings per share compared to net income of $3,853,000 or $0.11 basic and diluted income per share for the same period in the previous year.