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) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
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