(seafood.vasep.com.vn) Vinh Hoan Corporation (code VHC) has announced its business results for August with revenue of VND1,172 billion, up 5% compared to the previous month and up 31% compared to the same period last year.
All revenue segments have double-digit growth. Of which, pangasius was up 39% over the same period, reaching VND730 billion; noodles and rice paper increased 66%, reaching VND22 billion; shrimp crackers reached VND28 billion; up 25%; value-added products reached VND22 billion; up 66%; health care products increased 73%, reaching VND51 billion and other products increased 21%, reaching VND165 billion.
Regarding the export market in August, the US was still Vinh Hoan's largest consumer market with VND424 billion, up 51% and accounting for 36% of total revenue. It was followed by Europe with VND203 billion, up 97% and accounting for 17%. However, the Chinese market decreased by 34%, to only VND105 billion, accounting for approximately 9% of revenue. In addition, Vietnamese market brought VND295 billion of revenue in August to Vinh Hoan, up 25%.
Commulative revenue for the first 8 months of the year was VND8,355 billion, up 25% over the same period last year.
In 2024, Vinh Hoan plans to do business with two scenarios.
For the first scenario, Vinh Hoan plans to have revenue of VND10,700 billion, up 6.6% year-on-year, and the parent company's after-tax profit is expected to be VND800 billion, down 12.9% compared to the actual performance in 2023.
For the second scenario, revenue is expected to be VND11,500 billion, up 14.6% year-on-year, and the parent company's after-tax profit is expected to be VND1,000 billion, up 8.8% compared to the actual performance in 2023.
With this result, Vinh Hoan has completed 78% of the revenue target for the first scenario and 73% for the second scenario.