(vasep.com.vn) The Investment
In early 2010, input costs increased by 20 percent on that of the same period of 2009. The raw shrimp price doubled, pushing up production cost and higher finished product price. While the bank loan rate rose and the demand of import markets reduced, leading to its 2010 revenue of VND307 billion, equal to 70 percent of that in 2009. The company’s 2010 post-tax revenue reached VND20 billion, equal to 73 percent of 2009. Besides, Incomfish also faced difficulties in exporting its products to EU market due to new regulations on IUU fishing.
According to the company’s report, in QI/2011, it reached VND75.52 billion of revenue, up 56 percent and VND554 million of post-tax profit, down 72 percent on that of the same period of 2010.
In the business plan of this year, Incomfish expects to reach VND543.4 billion of revenue and VND24 billion of post-tax profit.
INCOMFISH
Mr.Trinh Ba Hoang – General Director
Add: Lot A 77/1 Road 7, Vinh Loc Industrial Zone, Binh Tan District, Ho Chi Minh City
Tel: +84 8 37653142
Fax: +84 8 37652162
Email: incomfish@incomfish.com
Web: www.incomfish.com