Vinh Hoan (VHC) reported a 69% increase in profit in February

News 09:26 23/03/2023
(seafood.vasep.com.vn) Vietnam Association of Seafood Exporters and Producers (VASEP) forecasts that seafood exports will gradually increase in March and April. In February, VHC's revenue to the European market increased by 116% to VND 194 billion.

Vinh Hoan Corporation (HOSE: VHC) announced its business results in February 2023 with export revenue of 758 billion VND, 29% lower than the same period, but up 69% compared to the previous month.

By product structure, pangasius exports continued to decrease by 47% over the same period, to 417 billion dong. Similarly, sales of other mixed products and shrimp crackers decreased by 24% and 19% respectively. In return, by-products, healthcare revenue increased by 46% and 96% respectively.

By export markets, all of Vinh Hoan's export markets including the US, China, Europe recovered from the previous month, with an increase of two to three digits.

 

However, compared to the second quarter of 2022, Vinh Hoan's export revenue to the US market decreased by 69%; to China also went down by 2-3%. The bright spot came from the European market, which revenue increased by 116% to VND 194 billion.

Related information, on March 1, VHC announced to receive the transfer of land use rights for aquaculture with the transfer amount of more than VND 15 billion. This is a farming land located in Nhon My and Long Giang communes, Cho Moi district, An Giang province with a total area of 80,960 m2.

VASEP believes that the import demand tends to slowly recover, especially in the Chinese market and many other small markets. The source of aquatic materials (shrimp, pangasius) will also increase in the next month, so exports in March and April will increase gradually compared to the first months of the year.

Forecast on Vietnam pangasius industry in 2023 - 2025

Compiled by Thuy Linh 

Bạn đang đọc bài viết Vinh Hoan (VHC) reported a 69% increase in profit in February tại chuyên mục News của Hiệp hội VASEP
vinh hoan profit in feb 2023 vinh hoan corp

TIN MỚI CẬP NHẬT

Vietnamese tuna exports surged in Q1/2024

 |  09:12 02/05/2024

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.

Pangasius exports to UAE increased by 67% in Q1/2024

 |  11:25 26/04/2024

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.

The UK- A stable market for Vietnamese pangasius

 |  08:35 24/04/2024

(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.

Agro-forestry-fisheries products nearly double in Q1

 |  15:04 22/04/2024

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).

Cà Mau Province develops shrimp farming on large scale

 |  15:03 22/04/2024

The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.

An Giang Province Experiences Record-breaking Aquaculture Harvest in First Quarter of 2024

 |  09:06 16/04/2024

(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.

Cephalopod exports are expected to decrease slightly in the first quarter of the year

 |  08:51 15/04/2024

(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.

Portugal ramps up tuna imports from Vietnam in first two months of 2024

 |  07:30 12/04/2024

(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.

Vinh Hoan Corporation sets 2024 business plan with two scenarios, targeting net profit of VND800-1,000 billion

 |  09:24 10/04/2024

(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.

Sao Ta Foods (FMC): Revenue in the first quarter of 2024 increased by 14%

 |  09:16 09/04/2024

(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (FIMEX VN) has just announced that in March 2024, finished shrimp output reached 2,000 tons and finished shrimp consumption reached 1,693 tons, an increase of 74%, and 42% over the same period in 2023, respectively.

VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM

Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội

Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO

Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu

Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông

Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn

Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh

Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn

VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội

Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC