TS4: Up 34% in profit before tax
(seafood.vasep.com.vn) Seafood Joint Stock Company No 4 (HOSTC: TS4) announced its financial report of QI/2017, in which, its profit before tax hit over VND4.7 billion, up 34% compared QI/2016.
In QI/2017, sales of TS4 increased by 6% from QI/2016, while the company saved its sales costs, which helped to raise its profits.
According to the business plan in 2017 approved by the Annual General Meeting of Shareholders 2017, the revenue of this year targeted to hit VND823 billion with profit before tax of VND10 billion. Thus, with the results achieved in QI/2017, TS4 has completed 47% of its plan this year.
According to Nguyen Van Luc, General Director of TS4, in QI/2017, a rise in pangasius price helped the company make profit. By the end of this year, the pangasius price expected to continue the rise. Accordingly, the company will boost production, pangasius output from the farming area to the factory predicted to increased by over 20% compared to 2016. Therefore, its profit in 2017 expected to be higher than that in 2016.
www.seafoodno4.com
Compiled by Dieu Thuy