(vasep.com.vn) Hung Vuong Corporation (HOSE code – HVG) has been keeping its business stable in the context of tough economic difficulties. The company supplied 60 percent of pangasius production to traditional partners in supermarket chain and other partners whose demand was depending on market trend purchased other 30 percent.
Over recent years, Hung Vuong Corp has built a closed chain including feed, seed, production and processing. The company also bases its business targets on annual export results and development strategies.
In 2013, Tien Giang-based firm plans to reach VND13,000 billion of sales, up 40 percent from that recorded in 2012, bringing around VND700 billion of post-tax profit.
Shareholders will receive 25 percent of dividend yield by cash and other 50 percent by bonus shares, which helps the company in raising chapter capital from VND779 billion to VND1,200 billion. Hung Vuong Corp continues to develop fish production by further investing in fish farming and upgrading processing plants’ capacity. It is expected to totalize US$1 billion of sales by 2015 to be one of the leading fish processing in South-East Asia.
www.hungvuongpanga.com