SUPA Youreverydayfish VietFish
Nam Viet Corporation (ANV) earned profit of VND 353 billion in H1 of 2019
July 24, 2019, 03:12 PM
Nam Viet Corporation (HoSE: ANV) has just announced Q2/2019 consolidated financial statements with strong growth in revenue and profit over the same period in 2018.

Specifically, revenue in the quarter reached VND 1,064 billion, an increase of 22.6% compared to the second quarter in 2018, while the increase in COGS was much lower, only 12.1%, leading to gross profit from sales and service provision reached 224.5 billion, up to 81% over the same period in 2018. In the revenue structure of Nam Viet, export revenue was over VND 837 billion, accounting for 79% of total revenue and up by 23.9% over the same period last year.

Financial revenue in the whole quarter reached VND 18.5 billion, down VND 13.2 billion compared to the same period mainly due to reduced interest on deposits received, and especially did not record interest on liquidation of shorter-term investments with 6 billion as the second quarter in 2018. Financial expenses also decreased by VND 7.6 billion compared to the same period because it was not impacted by exchange rate difference as in the second quarter of last year (over VND7.5 billion).

Administrative expenses in the period recorded more than 7 billion VND, while the figures in the second quarter in 2018 was 39.5 billion VND.

As a result, Nam Viet reported after-tax profit of VND 152.7 billion, an increase of 30% compared to the same period in 2018.

In the first 6 months of 2019, Nam Viet revenue reached 1,975 billion VND, up 17.3% over the same period and achieved 39.5% of the year plan. Profit after tax reached VND 353 billion, surging 82.5% compared to the first half of last year and fulfilling more than 50% of the year profit target.

Closing stock increased more than 42% compared to the beginning of the year, to over 1,372 billion VND.

Other news
Shrimp exports to the US and China were positive in May 2020 (04/08/2020) Cephalopod exports to China recovered (04/08/2020) South Korea has not been able to increase imports of cephalopod (04/08/2020)
Back to top
Specialist on Pangasius market
Ms Ta Ha
Tel:+84.24.3771.5055 (ext. 214)
Portal of Vietnam Association of Seafood Exporters and Producers (VASEP)
Head office in HCM city: No 7, Nguyen Quy Canh Road, An Phu Ward, District 2, Ho Chi Minh City, Vietnam
Tel: (+84 28) 62810430 / Fax: (+84 28) 62810437 - Email: vasephcmcity@vasep.com.vn
Rep. office in Ha Noi: 10 Nguyen Cong Hoan Street, Ngoc Khanh Ward, Ba Dinh District, Ha Noi City, Vietnam
Tel: (+84 24) 37715055 / 37715318 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn
In charge of content: Nguyen Hoai Nam (Mr) – Deputy General Secretary of VASEP
Managing Editor: Phung Thi Kim Thu (Ms.) Tel: (+84 24) 37715055 (ext: 203)
Email: kimthu@vasep.com.vn