Consumption of finished shrimp products recorded 11,259 tons, up 4% over the same period in 2021. In the agricultural products segment, processed products reached 1,389 tons, more than double in comparison to the same period in 2021. Sales of finished products reached 1,082 tons, up 14% over the same period last year.
Accordingly, the overall sales volume was nearly 140 million USD, up 15% compared to the same period in 2021. The company said that the whole year sales are likely to be higher than the 7-month sales thanks to a well-prepared supply.
In general, FIMEX VN's business performance remains at a good level, processing activities will not increase sharply due to the unsatisfactory source of raw materials. With this process, FIMEX VN confidently exceeded the plan in 2022 regarding sales and profits.
Sales of FIMEX VN is forecasted to remain good growth till the end of the year.
Regarding shrimp farming, the company is in the process of stocking the secondcrop. The old area has just finished, the new area is completed before August 15.
In the first half of the year, the shrimp company announced revenue of 2,738 billion VND, an increase of 29%. The holding company's after-tax profit reached 114 billion VND, one-and-a-half times higher than the same period last year. Thanks to the favorable context of the seafood industry in general and the shrimp industry in particular, the main markets recovered strongly, especially the US. At the same time, completely harvesting the first self-cultivated shrimp of the year reduces the cost of capital. Thereby, gross profit margin of FIMEX VN improved from 8.3% to 10.3% and net profit increased stronger than revenue.
Compiled by Thuy Linh
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (FIMEX VN) has just announced that in March 2024, finished shrimp output reached 2,000 tons and finished shrimp consumption reached 1,693 tons, an increase of 74%, and 42% over the same period in 2023, respectively.
(seafood.vasep.com.vn) In February 2024, Vietnam pangasius exports to China and Hong Kong decreased by 65% compared to February 2023, reaching 23 million USD.
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