Minh Phu Seafood Corp gained US$334.4 million in 2011

News 16:08 01/03/2012
(vasep.com.vn) In 2011, Minh Phu Seafood Corporation (Minh Phu Seafood Corp) exported 28 thousand MT of frozen shrimp for total revenue of US$334.4 million, up 17.5 percent in volume and 35 percent in value over the previous year. The US was the largest import market accounting 37 percent of total export value. It was followed by Japan with 21 percent, the EU 12.8 percent, South Korea 12.6 percent and Canada 9 percent.

<p style="text-align: justify; line-height: 15pt; margin: 6pt 0in 0pt; mso-line-height-rule: exactly" class="MsoNormal"><span style="font-family: 'Arial','sans-serif'; font-size: 10pt">Over three recent years, Minh Phu Seafood Corp remained the leader in seafood export. This was one of the pioneers gaining GlobalGAP certificate for its shrimp farming area. <o:p></o:p></span></p> <p style="text-align: justify; line-height: 15pt; margin: 6pt 0in 0pt; mso-line-height-rule: exactly" class="MsoNormal"><span style="font-family: 'Arial','sans-serif'; font-size: 10pt">Last year, Minh Phu Seafood Corp has carried out many projects on aquaculture. So far, Minh Phu Seafood Corp owned 10 affiliate companies in breading, farming and processing of shrimp located in provinces of Ca Mau, Kien Giang, Hau Giang, Ninh Thuan and Baria &ndash; Vungtau.<o:p></o:p></span></p> <p style="text-align: justify; line-height: 15pt; margin: 6pt 0in 0pt; mso-line-height-rule: exactly" class="MsoNormal"><span style="font-family: 'Arial','sans-serif'; font-size: 10pt">Recently, the company has received business registration for its new affiliate, Minh Phu &ndash; Hoa Dien </span><span style="font-family: 'Arial','sans-serif'; font-size: 10pt">Aquaculture Company Limited, which operates in shrimp farming in Hoa Dien village, Kien Luong </span><span style="font-family: 'Arial','sans-serif'; font-size: 10pt">district, Kien Giang province. Minh Phu Seafood Corp holds 100 percent of the affiliate&rsquo;s charter capital, equal to VND250 billion.<o:p></o:p></span></p> <p style="text-align: justify; line-height: 15pt; margin: 6pt 0in 0pt; mso-line-height-rule: exactly" class="MsoNormal"><strong style="mso-bidi-font-weight: normal"><span style="font-family: 'Arial','sans-serif'; font-size: 10pt">MINH PHU SEAFOOD CORP<o:p></o:p></span></strong></p> <p style="text-align: justify; line-height: 15pt; margin: 6pt 0in 0pt; mso-line-height-rule: exactly" class="MsoNormal"><strong style="mso-bidi-font-weight: normal"><span style="font-family: 'Arial','sans-serif'; font-size: 10pt">Mr. Le Van Quang <o:p></o:p></span></strong></p> <p style="text-align: justify; line-height: 15pt; margin: 6pt 0in 0pt; mso-line-height-rule: exactly" class="MsoNormal"><em style="mso-bidi-font-style: normal"><span style="font-family: 'Arial','sans-serif'; font-size: 10pt">General Director<o:p></o:p></span></em></p> <p style="text-align: justify; line-height: 15pt; margin: 6pt 0in 0pt; mso-line-height-rule: exactly" class="MsoNormal"><span style="font-family: 'Arial','sans-serif'; font-size: 10pt">Add: Industrial Zone Ward 8, <o:p></o:p></span></p> <p style="text-align: justify; line-height: 15pt; margin: 6pt 0in 0pt; mso-line-height-rule: exactly" class="MsoNormal"><span style="font-family: 'Arial','sans-serif'; font-size: 10pt">Ca Mau City, Ca Mau Province<o:p></o:p></span></p> <p style="text-align: justify; line-height: 15pt; margin: 6pt 0in 0pt; mso-line-height-rule: exactly" class="MsoNormal"><span style="font-family: 'Arial','sans-serif'; font-size: 10pt">Tel: +84 780 3838262<o:p></o:p></span></p> <p style="text-align: justify; line-height: 15pt; margin: 6pt 0in 0pt; mso-line-height-rule: exactly" class="MsoNormal"><span style="font-family: 'Arial','sans-serif'; font-size: 10pt">Fax: +84 780 3833119<o:p></o:p></span></p> <p style="text-align: justify; line-height: 15pt; margin: 6pt 0in 0pt; mso-line-height-rule: exactly" class="MsoNormal"><span style="font-family: 'Arial','sans-serif'; font-size: 10pt">Email: minhphu@minhphu.com.vn<o:p></o:p></span></p> <p style="text-align: justify; line-height: 15pt; margin: 6pt 0in 0pt; mso-line-height-rule: exactly" class="MsoNormal"><span style="font-family: 'Arial','sans-serif'; font-size: 10pt">Web: <font color="#800080"><span style="color: #000000">www.minhphu.com</span></font><o:p></o:p></span></p>

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