March 22, 2012

Vietnamese HVG's January net profit posts US$2.18 million

Vietnam's top exporter of pangasius fish, Hung Vuong Joint Stock Corporation (HVG), said it made a net profit of VND45.62 billion (US$2.18 million) in January.

Its revenues reached VND640.92 billion (US$30.7 million) during the month, said HVG on its website, giving no comparative figure. The one-month earnings per share were VND691 (US$0.03).

At end-January, its total assets fell 1.3% from end-2011 to VND6.38 trillion (US$306 million), including equity of VND2.17 trillion (US$104 million).

By 2015, HVG targets its export revenues accounting for between 25% and 30% in total of US$3 billion in the whole country.

Last year, HVG made a consolidated net profit of VND429.19 billion (US$20.6 million) on revenues of VND7.79 trillion (US$373.6 million), jumping 96.2% and 75.8% on year, respectively.