Vinh Hoan Corp (VHC): Share price is at a record high, Q1 total revenue increased by 80%

( With the impressive business results in the first quarter, "The Queen of Pangasius" Vinh Hoan Corp traded at the highest price since its listing (December 24, 2007), at around 100,000 VND/share.


Vinh Hoan Corp VHC Share price is at a record high Q1 total revenue increased by 80

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


Related news