Accordingly, in the first quarter this year, the company reached VND179.75 billion of turnover, VND20.26 billion of post-tax profit, and VND2,533 of earning per share.
AGD showed that there are three reasons why in QI/2011 its post-tax profit was VND12.7 billion higher over the same period last year (VND 7.56 billion).
Firstly, net revenue increased VND71.6 billion, or 69% mainly due to higher foreign demand for seafood products which leads to an increase in export volume and price (average price was from 2.6 USD per kg to 3.1 USD per kg, up 20%). Besides, exchange rate also rose sharply (inter-bank average exchange rate raised from VND18,932 per USD in the early this year to VND20,730 per USD, up about 10%).
Secondly, gross profit increased VND23,7 billion, or 95% on that of the same period last year due to its higher turnover and effective operation in raw material pangasius farming area. The company’s farming production met 70 percent of raw fish for manufacturing.
Thirdly, the company invested effectively in aqua-feed factory to provide food for fish at 100ha farming area.
Specifically, the company can save over VND1,000 for 1 kg of fish feed self-manufactured compared to buying outside.
In 2011, the company plans to reach VND660 billion of revenue, VND45 billion of post-tax profit, 20% of expected dividends, the first phase advanced dividend in 2011 in cash at the ratio of 10 percent.
GODACO
Mr. Le Son Tung – Director
Add: Lot 45, My Tho Industrial Zone,
Tel: +84 73 3854525
Fax: +84 73 3854528
Email: godacoexport@hcm.fpt.vn
According to Vietnam Customs, the export of value-added pangasius in the first eight months of 2024 has been evaluated as quite positive, with continuous growth in many major markets such as the United States, CPTPP, and the Netherlands...
(seafood.vasep.com.vn) The Department of Fisheries of Ca Mau province coordinated with the School of Fisheries under Can Tho University to organize training courses on high-tech shrimp farming for 120 people in processors, cooperatives and families that are raising intensive and super-intensive shrimp in the province.
(seafood.vasep.com.vn) Currently, Soc Trang province plans to expand its shrimp farming area from over 50,000 hectares to 57,000 hectares by 2025, aiming for a production of 233,800 tons and maintaining a $1 billion export value. The project will establish 45 climate-resilient shrimp farming models and ensure all farms meet aquaculture standards for traceability.
(seafood.vasep.com.vn) In July 2024, Vietnam's fish cake and surimi exports declined. The export value reached just over 24 million USD, down 3% over the same period. In the first 7 months of 2024, the cumulative export of this product group reached 152 million USD, down 13%.
(seafood.vasep.com.vn) Dong Thap is a key region for pangasius farming, boasting the largest production in the Mekong Delta. In the first seven months of 2024, the estimated aquaculture area reached 4,778 hectares, with a harvest yield of 307,336 tons. Of this, the intensive pangasius farming area covered 2,042 hectares, with a harvest of 252,670 tons.
(seafood.vasep.com.vn) According to Vietnam Customs, in the first half of August 2024, Vietnam's pangasius exports to the EU reached nearly 8 million USD, up 57% over the same period. Cumulative pangasius exports to this market as of August 15, 2024, reached 107 million USD, up 0.5% over the same period last year.
(seafood.vasep.com.vn) The Board of Directors of International Development & Investment Corporation (IDI) is confident of completing this year's profit plan in the context of gradually recovering demand for pangasius in China and Mexico.
(seafood.vasep.com.vn) Some farmers in Soc Trang province have successfully applied a balanced biological shrimp farming technique, which eliminates the use of chemicals to minimize environmental impacts. This is a model of farming that adapts to climate change.
8 finalists have been named in the best new seafood product competition to be awarded at Seafood Expo Asia, taking place 4 to 6 September at the Sands Expo and Convention Centre in Singapore.
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