Being one of the producers in the seafood producing industry in the Mekong Delta, and also an important member of Sao Mai corp, IDI came over the hard situation impressively.
The social distinction resulting from the lasting Covid 10 pandemic caused pangasius prices to drop dramatically to 17,000-18,000VND/kg, IDI boldly took the initiative to seize the opportunity to "stock cheap strategic goods"
In addition, with a relatively accurate prognosis, IDI leaders also urgently signed a cooperation agreement with farming households to ensure almost 90% of the demand for raw fish for 2022 at a relatively low price.
The right decision and strong potential has helped IDI create a certain advantage when the pangasius industry recovers as expected. That evidence is shown when in the first 6 months of 2022, the estimated revenue of IDI reached nearly 4,200 billion VND and pre-tax profit reached nearly 450 billion VND.
With the quite impressive results and the dividend payment plan for 2021 approved by the General Meeting of Shareholders at the rate of 15% in cash and expected to be implemented in the third quarter of 2022, the Company's Board of Directors has made a plan as planned.
Thus, shareholders of IDI will soon receive a total dividend of more than 341 billion dong before the third quarter of this year. In the remaining 6 months, especially the fourth quarter when the business season of the pangasius industry is the most favorable, the IDI's leaders expect a profit boom when the company has enough "high-quality supply at a low cost."
Although China currently maintains the zero covid policy, IDI's Board of Directors is confident and expects to exceed the 2022 plan assigned by the General Meeting of Shareholders with sales of 8,300 billion VND and profit after tax of 9.00 billion VND. This plan is considered quite challenging, but with its own potential, the completion of this plan is completely grounded.
Besides, the important objective that the Board of Directors has submitted to the General Meeting of Shareholders for approval is the dividend payment plan in 2022 with the rate of 30% in cash and authorizes the Board of Directors to decide the time when the 2022 dividend can be advanced. This shows their strong belief in operating production and business as well as firmly affirming with stockholders for a new development phase IDI. That will be "a period of business sublimation and prosperity” for IDI shareholders.
Compiled by Thuy Linh
(seafood.vasep.com.vn) On the evening of December 24, 2024, in Hanoi, the Central Youth Union, Viet nam Youth Federation and the Vietnam Young Entrepreneurs Association held the Vietnam Golden Star Award Ceremony 2024, with the theme "Reaching Vietnam", honoring 200 outstanding enterprises. Deputy Prime Minister Nguyen Hoa Binh attended.
(seafood.vasep.com.vn) In the first ten months of 2024, 448 Vietnamese companies were involved in exporting pangasius to international markets. Vinh Hoan remains the top exporter, holding a 14% share of Vietnam's total pangasius export value.
(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.
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