Vinh Hoan (VHC): July sales in all markets increased sharply

(seafood.vasep.com.vn) Vinh Hoan Joint Stock Company (VHC) has just announced business results in July 2021 with a revenue of VND 765 billion, up 21% over the same period, up 7% compared to June 2021.

In which, the main contribution is pangasius products, accounting for 72% of revenue, with a growth of 27% compared to July 2020, reaching VND 554 billion.

The group of related by-products also increased significantly by 15% to VND 125 billion, accounting for the second highest proportion of total VHC revenue.

Sales of functional products (Wellness) also increased by 19%, contributing about VND 60 billion.

On the other hand, revenue from the value-added line dropped sharply by 31%, from VND 12 billion to VND 8 billion. The miscellaneous line also decreased by 19% in revenue over the same period. In fact, these two revenue sources contribute a relatively small percentage of total revenue.

In which, the US market contributed 43% to total revenue and increased 31% compared to July 2020. According to the company, this result comes from increased demand by the restaurant and food service industries in the US.

The European market contributed VND 37.9 billion, up 50%; sales in the domestic market were 4.97 billion dong, up 24%.

Thanks to positive export activities, especially in the second quarter, Vinh Hoan's accumulated revenue in the first half of the year reached VND 4,131 billion, up 25.4%. However, selling expenses increased sharply due to high transportation costs, causing net profit to increase only 4% y/y.


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SPECIALIST ON
PANGASIUS MARKET

Ms Ta Ha

Email: taha@vasep.com.vn

Tel: +84.24.3771.5055 (ext. 214)

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