(seafood.vasep.com.vn) Sao Ta Foods JSC (stock code: FMC) estimates its consolidated profit for the first half of this year at approximately 170 billion VND. With stable sales contracts and strong shrimp farming productivity, the company expects to reduce production costs and increase processed shrimp output in the coming period.
Sao Ta Foods Joint Stock Company (stock code: FMC - HoSE) has announced its business performance for the first six months of 2025, reporting robust growth in shrimp production and sales. The company achieved a finished shrimp output of 14,260 tons, up 32% year-on-year, while finished shrimp sales reached 11,452 tons, marking a 37% increase compared to the same period last year.
In the agricultural products segment, the company recorded a production volume of 554 tons and a consumption volume of 481 tons, down 21% and 23%, respectively, compared to the same period in 2024.
As a result, Sao Ta Foods estimates first-half revenue at 135.6 million USD, a 43% increase over the same period in 2024. The company’s leadership stated that stable consumption contracts, coupled with strong shrimp farming productivity will contribute to lower production costs and increased processed output in the near future. The company is currently in the process of harvesting shrimp from its own farming zones.
As reported by Industry and Trade Magazine, before the end of 2024, Sao Ta Foods JSC (stock code: FMC - HoSE) undertook an aggressive move by stocking shrimp during the off-season, a period when few farmers are active. This bold strategy aimed to secure higher selling prices amid limited market supply, capitalize on lower feed costs, and reduce the risk of disease outbreaks commonly associated with the peak farming season.
Additionally, Sao Ta Foods isactively pursuing a market diversification strategy, focusing on high-potential markets such as Canada, Australia, and South Korea. Despite these being among the most demanding markets globally, Sao Ta’s leadership is confident in meeting the strict standards thanks to its well-managed farming zones, consistent product quality, and alignment with consumer preferences.
Sharing further insights on business performance, Sao Ta Foods’ leadership reported an estimated consolidated profit of approximately 170 billion VND for the first six months of 2025. In reality, profits could have been higher, as export shipments to the U.S required a provision of nearly 8% of sales due to audit requirements stemming from the impact of two anti-dumping (AD) and countervailing duty (CVD) lawsuits in this market.
Source: Vietnam Trade and Industry Review