Sao Ta Foods Joint Stock Company (FMC) has announced its operating results for October 2024.
According to the company, finished shrimp production in October reached 1,866 tons, down 27% year-on-year; however, finished shrimp sales rose to 2,043 tons, up 23%. Additionally, the company produced 75 tons of finished agricultural products and consumed 122 tons, down 44% and 11% year-on-year, respectively.
As a result, Sao Ta recorded total sales for October at $23.25 million, equivalent to 126% of the same period last year.
Furthermore, FMC's farms have been fully prepared and will begin stocking in mid-November when the weather conditions become favorable.
Previously, Sao Ta Foods announced its third-quarter 2024 business results with net revenue reaching VND 2,845 billion, up 58.6% year-on-year. Cost of goods sold also increased to VND 2,537 billion compared to VND 1,609 billion recorded in the third quarter of 2023. Sao Ta's gross profit also surged significantly from VND 184 billion to VND 307.6 billion.
Financial operating revenue saw a sharp drop of 57% to VND 8.9 billion. Meanwhile, various costs in the third quarter all increased substantially, especially selling expenses, which rose by 2.4 times to VND 166.6 billion compared to the same period.
Consequently, Sao Ta reported profit after tax of VND 94.8 billion, up 6% year-on-year.
For the first nine months of the year, the company achieved a revenue of nearly VND 5,548.5 billion, up 44.7% year-on-year. Net profit reached nearly VND 232 billion, up 10% compared to the first nine months of last year.
In 2024, Sao Ta Foods set a target of VND 5,187 billion in revenue and VND 320 billion in pre-tax profit. With a pre-tax profit of VND 231.8 billion after the first nine months of 2024, Sao Ta Foods has exceeded its revenue plan and completed 72.4% of its profit plan.
As of the end of the third quarter, Sao Ta's total assets were recorded at VND 3,706 billion, up 10.4% compared to the beginning of the year. This growth was largely driven by short-term receivables, which rose by 110.8% year-to-date to VND 1,036.6 billion.
Meanwhile, inventory decreased by 22.6% compared to the beginning of the year, falling to VND 774.28 billion.
(seafood.vasep.com.vn) Currently, Da Nang City has no fishing vessels detained, sanctioned by foreign authorities, or criminally prosecuted for IUU fishing violations. Patrols, monitoring of marine fishing activities, and handling of violations have been prioritized by competent forces, significantly reducing nearshore fishing infringements.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam’s tuna exports to Israel in the first nine months of 2025 reached just over USD 27 million, down as much as 49% compared to the same period in 2024. This is a steep and prolonged decline for many consecutive months, reflecting changes in import demand as well as shifts in the supply structure of this market.
(seafood.vasep.com.vn) The first 700 tons of Vietnamese tilapia ordered and imported by JBS Group will initially be distributed through supermarket chains, the Horeca network and JBS’s product showrooms in Brazil.
(seafood.vasep.com.vn) In October 2025, Vietnam’s pangasius exports hit $217 million, representing an 8% increase compared to the same month in 2024. For the first 10 months of the year, total export value has surpassed $1.8 billion, up 9% year-on-year. This growth demonstrates clear positive momentum for the pangasius industry, despite continued declines in certain markets.
In recent days, the Central provinces of Vietnam have been suffering from historic flooding, with prolonged heavy rains, landslides, flash floods, and deep inundation causing extremely serious impacts on tens of thousands of households, as well as many VASEP member exporters located in the region. With the spirit of mutual support and solidarity, and in order to promptly assist residents and member exporters in the affected areas to stabilize their lives and restore production activities, VASEP calls on all seafood exporters, organizations, and individuals to extend supports to the people and member exporters in the flood-hit areas. We urge timely and practical material and spiritual contributions to help member exporters and local communities in the severely affected provinces overcome this difficult period.
(seafood.vasep.com.vn) In the final days of October 2025, Vietnam’s domestic raw shrimp market remained generally stable, though slight adjustments were recorded in several sizes across key farming regions.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 498 million in October 2025, up 26% from the same period last year. This is one of the highest monthly revenues since the beginning of the year, reflecting solid demand in major markets and faster shipment schedules by exporters. From January to October, shrimp export value reached USD 3.9 billion, up 22% compared to the same period in 2024.
(seafood.vasep.com.vn) On October 31, 2025, the US Court of International Trade (CIT) officially issued an order to suspend the case filed by the National Fisheries Institute (NFI), the National Restaurant Association (NRA), and several US seafood companies against the US Government concerning the implementation of the Marine Mammal Protection Act (MMPA).
(seafood.vasep.com.vn) An Giang’s fisheries sector has maintained stable growth momentum during the first nine months of 2025, making an important contribution to the province’s socio-economic development. Despite facing numerous challenges, the province is implementing various measures to enhance production efficiency, expand markets, and promote sustainable fisheries development toward deeper integration into the global economy.
(seafood.vasep.com.vn) Vietnam’s pangasius export value in September 2025 reached USD 181 million, up 5% compared to the same period in 2024. The overall trend for the pangasius industry remains positive, with total exports in the first nine months of 2025 reaching nearly USD 1.6 billion, an increase of 9% year-on-year.
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