(vasep.com.vn) In 2012, Ha Long Canned Food Stock Corporation (Ha Long Canfoco) tries to remain the 2011’s turnover and profit target due to the current economic challenges.
This year, Halong-based company still concentrate its sales in domestic market. The company plans to supply 95 percent of products in Vietnam; products for export account only a little part of 5 percent. Halong Canfoco expects to earn VND847 billion of turnover, almost equal to that in the previous year. Profit before tax is set at VND45 billion.
It will spend VND18 billion on investment budget and VND12 billion on marketing activities in order to promote the brands of some main products such as sausages, fruits and vegetables, canned fish and meat, frozen food…
According to Ha Long Canfoco’s business report in the first quarter of 2012, its turnover increased 7.32 percent to VND93.6 billion; post-tax profit was up 44 percent to VND5.9 billion compared to the same quarter of 2011.
“The company got rise in post-tax profit because, it paid only VND340 million for land use tax in quarter I/2012, much less than VND2.4 billion in quarter I/2011. Moreover, the company also reduced its general and administrative expenses by 30 percent,” Halong Canfoco said.
www.canfoco.com.vn