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Minh Phu Seafood Corp: Targets 2010 after-tax profit up 9 percent
April 28, 2010, 04:27 AM

Minh Phu Seafood Corp set plan to earn US$180 million from seafood exports, and produce 18,000MT of finished shrimp products in 2010.

It targets to gain VND3,500 billion in revenue, VND313.5 billion before-tax profit, and VND264.5 billion in after-tax profit, which represented an increase of 9 percent compared to 2009.

It also plans to raise the chartered capital to VND900 billion from VND700 billion by issuing 20 million shares. The resulting amount of money will be invested in constructing the Minh Phu-Hau Giang Shrimp Plant, and added to the working capital.

According to business report of Minh Phu Seafood Corp, in Q1/2010 it exported 2,904MT of shrimp, worth US$31.13 million, a rise of 34.05 percent in volume and 35.64 percent in value year-on-year.

Minh Phu Corp

Mr. Le Van Quang – General Director

Add: Industrial Zone Ward 8, Ca Mau City, Ca Mau Province

Tel: +84 780 3838262/ 3839391

Fax: +84 780 3833119

E.mail: minhphu@minhphu.com.vn

Web: www.minhphu.com

Source: (Vasep, April 26, 2010)
VASEP Editor
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