March 29, 2011

Vietnam seafood firm AAM aims to reach profit of US$2.4 million

Mekong Fisheries JSC (AAM) is aiming for a pre-tax profit of VND51 billion (US$2.4 million) on revenues of VND550 billion (US$26.3 million) this year.

Mekong Fisheries JSC (AAM) is a listed firm on the HoChiMinh Stock Exchange. The company will pay a dividend equivalent to VND3,000/share (US$0.14) for the year, AAM said in a statement.

AAM posted a net profit of VND45.67 billion (US$2.18 million) on revenues of VND527.72 billion (US$25.2 million) last year. It will pay the remaining cash dividend of VND2,000/share (US$0.096) for 2010 soon.

Foreigners held a combined 1.41% stake in AAM as at March 25.