Minh Phú Seafood reports positive business results despite lower prices

2024.03.26 22:12:12


Minh Phú Seafood reports positive business results despite lower prices

Workers at Minh Phú Company in Cà Mau City process seafood for export. — VNA/VNS Photo

HÀ NỘI — Minh Phú Seafood Corporation (MPC) reported it exported  六 七, 六 四 六 tonnes of products last year,  一0 七 per cent of its target for the year.

The company earned US$ 七 五0. 七 million, fulfilling  九 三 per cent of its target.

Global shrimp prices have fallen by  二 五 per cent but the company’s output increased by  一 九 per cent, helping raise revenue by  七 per cent.

Minh Phú estimated its pre-tax profit at VNĐ 一. 二 trillion ($ 五 一. 五 million), which might exceed the planned target.

Minh Phú Seafood reports positive business results despite lower prices

In December alone, the company exported  五, 六 三 五 tonnes of products and recorded a turnover of $ 六 五. 七 五 million. The US was its largest export market with $ 一 九. 二 八 million, accounting for  二 九. 三 per cent.

The company said business activities last year still saw growth in both output and profit despite the difficulties facing the Vietnamese and world shrimp industries.

Minh Phú Seafood reports positive business results despite lower prices

Việt Nam’s application of new shrimp farming technology last year and the competitive price of Vietnamese raw shrimp helped the company improve its profit margin compared with  二0 一 七. — VNS

Minh Phú Seafood reports positive business results despite lower prices


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