August 9, 2011
Vietnam FMC's revenue soars 72% in Jan-Jul
Sao Ta Foods JSC (FMC), listed on the Hochiminh Stock Exchange, booked a 72% surge in revenue to US$43.7 million in the first seven months on-year.
FMC produced 877 tonnes of shrimp in July valuing at US$11.2 million, it reported.
In the third quarter, the company plans to produce 3,000 tonnes of shrimp and have revenues of US$30 million.
The food firm, with foreigners holding a combined 6.76% as of August 5, targets a pretax profit of VND30 billion (US$1.5 million) on revenues of VND1.68 trillion (US$100 million) this year, up 17% and 13% on-year, respectively.