Cuu Long Fish Joint Stock Company establishes a business strategy in 2022, according to documents from the 2022 Annual General Meeting of Shareholders, with targets simultaneously accelerating. In particular, net revenue is predicted to increase by 20% to VND 1,450 billion, with a pre-tax profit of VND 200 billion (4 times higher than last year).
According to CL-FISH CORP, the company plans to continue focusing its resources on cultivating and processing pangasius for export in 2022, rather than investing outside the sector. In addition, the company intends to expand in all aspects of production and commercial operations, diversifying pangasius products with the objective of introducing pangasius to new markets.
In 2021, CL-FISH CORP’s net revenue increased 27% as compared to the previous year, to more than 1,213 billion VND with net profit increased by 51%, reaching nearly 43 billion VND. Total export volume reached 10,402 tons.
Regarding its business strategy in 2021, ACL expected to earn VND 1,400 billion in sales and VND 80 billion in pre-tax profit. The firm therefore have achieved 87% of their revenue target and 59% of their profit-before-tax target in 2021, compared to the plan.
In addition, this pangasius producer and exporter also plans to pay dividends in 2021 and 2022 at least 10% (1,000 VND/share).
Notably, embracing the strong rising wave of pangasius firms in the previous 2 months, ACL's stock price "galloped" and closed the session on March 25 at 23,550 VND/share, up 30% from the start of the year. This is also the record high price range since it was first listed (September 5, 2007).
Compiled by Khanh Linh
(seafood.vasep.com.vn) Vietnam's seafood sector is making impressive strides as it nears the end of the year. Aquaculture has maintained steady growth, while fishing activities have recovered thanks to favorable weather conditions.
(seafood.vasep.com.vn) To ensure sustainable shrimp farming and environmental protection, Soc Trang Province emphasizes raising awareness and improving the capacity of shrimp farmers through various forms of communication and by developing and replicating effective models.
(seafood.vasep.com.vn) To achieve the goal of making the province a national hub for high-quality shrimp post-larvae production and producing 50 billion shrimp post-larvae by 2025, Ninh Thuan has focused on implementing a comprehensive set of measures.
(seafood.vasep.com.vn) The seafood processing company Kyokuyo has just opened a seafood processing plant in Vietnam to reduce its reliance on China. In Japan, Kyokuyo ranks as the third-largest seafood producer, following Maruha Nichiro and Nissui.
(seafood.vasep.com.vn) Vietnam's total fishery production in the first 10 months of 2024 is estimated at 7,889.8 thousand tons, a 2.5% increase compared to the same period last year. Aquaculture contributed approximately 4,612.5 thousand tons, while capture fisheries accounted for 3,277.3 thousand tons.
(seafood.vasep.com.vn) Ms. To Thi Tuong Lan, Deputy Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP), forecasts that pangasius export turnover could reach the target of USD2 billion in 2024. However, the industry will still face numerous challenges in the coming year.
(seafood.vasep.com.vn) Vinh Hoan Corporation has recently announced its business results for October, reporting over VND 1,200 billion in revenue, a 60% increase compared to the same period last year.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam's tuna exports in October reached nearly $93 million, marking a 22% increase compared to the same period in 2023. In the first ten months of 2024, the total export value exceeded $821 million, up 18% compared to the same period last year.
(seafood.vasep.com.vn) According to Vietnam Customs data, pangasius exports to the EU reached USD 7 million in the first half of October 2024, marking a 27% year-on-year increase. As of October 15, 2024, cumulative exports to the EU totaled over USD 134 million, reflecting a slight 0.01% decrease compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius export revenue in October 2024 reached nearly $202 million, a 17% increase compared to October 2023. The cumulative export value for the first ten months of the year totaled $1.7 billion, marking a 9% year-on-year increase.
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