VINH HOAN CORP: VND72 Bln in profit in Q1/2011

Vinh Hoan Corp reported a revenue of VND 317 billion and after tax profit of VND 19 billion. 

By the end of Q1/2011, VHC earned US$32 million in export value, up 9 percent over the same period of last year. Its total turnover reached VND800 billion, after-tax profit VND72 billion.

“Pangasius, our key product, earned us US$29.2 million in export-turnover, or 91 percent of the company’s total export value while value-added products such as breaded, skewed, and marinated fish brought about more than US$1.6 million in export value, accounting for 5.1 percent,” Ms. Truong Thi Le Khanh, Chairman cum CEO of Vinh Hoan Corp said at the annual shareholder meeting in 2011 held in the morning of April 25 in Ho Chi Minh City,

The US was Vinh Hoan Corp’s largest market, representing 47 percent of market share, followed by European countries (31 percent), Australia, Hongkong, Canada and other markets.

In Q1/2011, Vinh Hoan 1, the sub-company of Vinh Hoan Corporation earned VND317 billion in revenue and VND19 billion in after-tax profit.
Source: VASEP

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