Mekongfishco’s profit reached VND15 billion, up 26.25 percent over the same period last year

Mekongfish Co (Coded AAM-HOSE) announced business report in the 1st quarter of 2011 and informed its first quarter revenue, up 26.25% over the same period last year.

Accordingly, in the first quarter of this year, the company attained VND125.86 billion of turnover and service provision, VND14.92 billion of post – tax profit, VND1,458 of earning per share.

In the first quarter of 2011, AAM’ post – tax profit at VND11.82 billion was up 26.25 percent as financial turnover increased 114.37 percent on that of the same period of 2010. Moreover, in QI, the company harvested raw material pangasius from the pangasius farming area when the raw material price went up.

In 2011, AAM aims to get 12,000 MT of production, VND550 billion of turnover, VND51 billion of pre-tax profit, 30% of dividend yield with cash settlement.

According to 2011 investment plans, the company will build a processing plant II with planned investment fund of VND30 billion, construct an embankment along Hau river with expected fund of VND 40 billion, invest in 20ha fishery II for farming pangasius with estimated cost of VND 30 billion.

Source: Vasep

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