Mekongfish Co. said the company failed to achieve its target because of lack of raw materials when pangasius farmers hesitated on their farming and the volume of pangasius farmed by Mekongfish Co. could satisfy only 20% of its production plan. Moreover, low reliability of electricity in the dry season, drop in pangasius consumption, lower export price and increasing prices of raw materials, cost of package and transportation...all impacted considerably the company’s operations.
This year, Mekongfish Co. strive to reach VND 550 billion of sales, gaining a net profit of VND 38 billion and remaining its dividend yield at over 25%. The company plans to harvest 3,400 tons of farming pangasius and export 12,000 tons. The export value is expected to be USD 25 million.
For 2012, Mekongfish Co. hope to rise its sales to VND 600 billion, reaching VND 45 billion of net profit.
The company said, in 2010, it was turning its exports to some new markets such as Ukraina, Belarus and Kazakhstan. Especially, Ukraina will be one of the company’s key export markets.
MEKONGFISH CO
Mr. Luong Hoang Manh – Chairman and Director
Add: Lot 24, Tra Noc Industrial Zone, Binh Thuy District, Can Tho City
Tel: +84 710 3841294
Fax: +84 710 3841192
Email: mkfmekonscomvn@hcm.vnn.vn
Website: www.mekongfish.vn