Vinh Hoan Fish Hatchery Co.ltd was established in 2019 with the main business of domestic fish hatchery. As of 31 December 2019, the company’s charter capital was 50 billion VND, of which Vinh Hoan holds 96% of charter capital, equivalent to 48 billion VND and recorded as the investment invested in subsidiaries.
In terms of business activities, in the first quarter of 2022, Vinh Hoan Corp recorded revenue of VND 3,267.6 billion, profit after tax reached 553.3 billion VND, up 82.7% and 320.4% respectively compared to the same period last year. In which, gross profit margin improved from 15.2% to 23.8%.
During the period, gross profit increased by 185.6 % over the same period, equivalent to an increase of 505.9 billion VND to 778.5 billion VND; revenue increased by 88.8%, equivalent to 33.38 billion VND to 70.97 billion VND. Expenses rose to 124.3%, equivalent to an increase of 23.5 billion VND to 42.4 billion VND. In which, sales and administrative expenses went up by 2.4%, respectively increased by 3.34 billion VND to 142.66 billion VND; other activities did not change significantly.
In 2022, Vinh Hoan Corp set a target revenue of 13,000 billion VND, profit after tax reaching 1,600 billion VND, up 43.6% and 45.6% respectively compared to 2021. Thus, ending the first quarter year, the company completed 34.6% of the annual profit plan.
Compiled by Thuy Linh
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