IDI Corporation’s net revenue up 36.4 percent in the third quarter

News 14:35 13/09/2014

(vasep.com.vn) In the third quarter

Its  income  from  financial  activities  decreased  50  percent  to  VND3.23 billion.  Financial  charges  rose  169.7  percent  to  VND27.5  billion  and  selling expenses  got  a  soar  of  35.5  percent.  These indicators  explained  the  drop  of 37.26 percent in post-tax profit in the third quarter.

However, in first three quarters of 2011, IDI Corporation totaled a net profit of VND78.4 billion, up 16.7 percent against the same period last year.

On  1st  November  2011,  IDI  Corporation  signed  VND100  billion cooperation  contract  with  Gentraco  Corporation  in  Can  Tho  province  to produce and trade raw pangasius in the 2011 – 2012 period.

The  two  companies  expect  to  invest  VND100  billion  in  farming pangasius for process and export. In 2012 harvest season, Gentraco plans to  produce  about  4,000  MT  of  pangasius  from  10-hectare  farm  which applies  GlobalGAP  standards.  Then  IDI  Corporation  will  buy  fish  at  the price set by the two parties.

IDI CORPORATION

Mr. Truong Vinh Thanh      

General Director

Add: National road 80, Vam Cong, Industrial Park, An Thanh Hamlet,

Binh Thanh Ward, Lap Vo District, Dong Thap Province

Tel: +84 67 3680383

Fax: +84 67 3680382

Email: idiseafood@vnn.vn

Web: www.idiseafood.com

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