Financial statements of ACL in the second quarter of 2019 showed that the company's revenue recorded VND 373.4 billion, down 4.1% compared to the same period in 2018, while the cost of goods sold decreased significantly at 7.6%, helping the gross profit to increase by 6,7% to VND 102.9 billion.
Expenses incurred during the period, selling and management expenses all declined compared to the same period in 2018. As a result, ACL reported pre-tax profit of VND 65.6 billion, up 21% over the same period. Profit after tax was VND 58.7 billion, up 22.5% compared to the same period in 2018.
Accumulated in the first 6 months of 2019, ACL recorded 817 billion VND of net revenue and 126.7 billion dong of pre-tax profit, up 13.3% and 120% compare to the same period in 2018, respectively. Net revenue after-tax of 113 billion, 2.2 times higher than the first 6 months of last year result, equivalent to EPS of VND 4,968.
With the results achieved after half a year, ACL has achieved 51% of the revenue plan and completed more than 70% of the pre-tax profit target set for 2019.
By the end of June, the total assets of ACL have increased by more than 10% compared to the beginning of the year to VND 1,483 billion, mainly coming from inventories. Financial debt also increased slightly compared to the beginning of the year to VND 669 billion, accounting for 45% of total assets. Total assets reached more than VND 1,483 billion, an increase of VND 140 billion compared to the beginning of the year.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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