Vinh Hoan Joint Stock Company (HOSE: VHC) has just announced its business results in March 2022 with total revenue of VND 1,373 billion, up 96% over the same period last year. In the first 3 months, accumulated total revenue increased by 80%, reaching VND 3,225 billion.
In terms of revenue structure in March, sales of pangasius products reached VND 871 billion, up 93% over the same period, by-products increased by 46%, sales of health care products increased by 87%, shrimp crackers increased by 46%, and value-added products increased by 19%. Notably, sales of other products abruptly increased by 685%, to VND 136 billion.
Compared to February, total revenue increased by 28%, of which health care products’ revenue increased by 126%, by-products increased by 114%, and rice products increased by 269%.
In terms of export market sales in March, exports to the US increased by 161% over the same period, Europe by 17%, and China by 71%. Domestic sales also doubled, reaching VND 274 billion.
Regarding the business plan for 2022, VHC sets a target of net revenue of VND 13,000 billion, up 44% compared to last year, and profit after tax of VND 1,500 billion, up 36%. This is also the highest annual target since its listing.
Following the strong growth in the session of April 12, share prices of the seafood industry continued to increase in the morning of April 13 while many other industries were on a decline.
In which, VHC's share price increased impressively and traded at a record level of 98,800 VND/share (ending session on the morning of April 13). Compared to the beginning of the year, the stock price of this company has increased by 56%, with average liquidity of more than 1 million shares/session.
Compiled by Minh Trang
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
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