June 7, 2011
Vietnam’s shrimp exporter MPC posts export revenues
Minh Phu Seafood Corporation (MPC), Vietnam’s top shrimp exporter, raked in US$107.48 million from abroad shipments in the first five months, up 69.7% from the same period last year.
It exported over 8,938 tonnes of shrimp during the period, up 49.35% on year. In 2010, MPC exported 23,119 tonnes of shrimp valued at US$247.64 million.
With a registered capital of VND700 billion (US$34 million), MPC targets a net profit of VND615.5 billion (US$30 million) this year versus VND312.54 billion (US$15.2 million) last year. It expects to produce 36,000 tonnes of shrimp products for export, bringing export turnover of US$360 million, and net revenues of VND7.524 trillion (US$365 million).
It is traded on the HoChiMinh Stock Exchange (HOSE), with a market capitalisation of VND1.428 trillion (US$69.3 million) and a 16.98% stake held by foreigners as at June 3.
