June 9, 2011

Vietnam's AGF posts pretax profit for seafood exports

An Giang Fisheries Import Export JSC (AGF), listed on the HoChiMinh Stock Exchange, said it made a pretax profit of VND33 billion (US$1.6 million) in the first four months of this year.

The company's pretax profit met 41.3% of its full-year targets. AGF earned VND6 billion (US$290,838) worth of interest from deposits per month. It had VND25 billion (US$1.2 million) worth of inventories, its General Director Nguyen Van Ky said.

This year, the firm targets a pretax profit of VND80 billion (US$3.9 million) on revenues of VND2 trillion (US$97 million) and a dividend payout equivalent to VND3,000 (US$0.15) per share at least.

The An Giang province-based AGF has a registered capital of VND128 billion (US$6.2 million).