Sao Ta Food Joint Stock Company (FIMEX VN) has announced its estimated business results for 2021 - the highest in the company's 26-year history.
Specifically, according to preliminary data (with the merger of Khang An's member company), by the end of 2021, FMC's processed shrimp production reached 22,790 tons, up 12% compared to 2020. Shrimp consumption reached 18,370 tons. , an increase of 7% compared to 2020. Consumption of agricultural products reached 1,590 tons, equaling 132% compared to 2020.
The company's overall sales are estimated at 213 million USD, equivalent to more than 4,850 billion VND, equal to 112% compared to 2020. Profit is estimated at over 280 billion VND, an increase of over 15% compared to 2020 – This is the highest profit figure in 26 year history of the company.
FIMEX said that 2021 is the most successful year of shrimp farming in the company's 10-year history with shrimp, contributing to offset the company's processing segment in the past year.
FMC expects that right after Tet, shrimp farms will start stocking, starting a new crop. In which, there is an increase in farming area of 52 hectares, which is a project assigned by the People's Committee of Soc Trang province to Khang An member company.
Also this year, both newly built factories of FIMEX will come into operation, in which Tam An factory of Khang An member company specializes in processing mixed products, with new products to meet new needs of consumers.
According to estimates of Rong Viet Securities Company (VDSC), FMC's revenue and profit after tax in 2022 will reach VND 6,096 billion (up 22%) and VND 320 billion (up 26%). Expectations about the export market, plus two new processing plants coming into operation in 2022, will be the driving force behind FMC's profit after tax to grow by 26-30% in the period 2022-2023.
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
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.
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