(vasep.com.vn) In the first months of 2014, the South Ha Tinh Sea Product Import and Export Joint Stock Company (Shatico) has processed 45 MT of seafood products, 42 MT of which were sent to Japan for US$480,000 of revenue.
Shatico is currently the key company in Ha Tinh province, which specifies in processing seafood products to export to Japan, the EU, Korea and China.
In 2013, many large seafood consumer markets like the U.S. and the EU reduced their seafood imports. Shatico's exports to Japan, its key market, also met difficulties. At the same time, sales in the domestic market slowed down while the company had to face to raw material shortage and 10-percent higher price of imported fishery products for processing.
In such context, Shatico's annual turnover still reached VND93.8 billion in 2013, up 4 percent year on year. Profits were VND1.3 billion. Salary for workers rose 15 percent to VND3.8 million per month.
In the year, the company also contributed VND2.4 billion to State Budget and VND2.2 billion of social insurance.
The company was evaluated as one of businesses with good products and high competitiveness by Ha Tinh People's Committee.
www.shatico.vn