May 5, 2011

Nam Viet Seafood net profit decreases by 98% in Q1

Nam Viet Seafood JSC (ANV), listed on the Hochiminh Stock Exchange, had a net profit of VND378 million (US$18,303) in the first quarter, a declination of 98% in contrast to the same period last year.

Revenues decreased 30.3% on year to VND250 billion (US$12.2 million) during January-March, ANV said in its quarterly financial report.

The An Giang province-based ANV had a 4.14% stake held by foreigners as of April 29.