August 17, 2011 

Cadovimex Seafood reports US$753,878 loss

Cadovimex Seafood Import-Export and Processing JSC (CAD) has incurred more losses in H1 2011 of VND15.6 billion (US$753,878), against a loss of VND4.77 billion (US$230,512.7) in the same period of the previous year.

Revenues dropped 69.4% on-year to VND117.45 billion (US$0.0057 billion) during Jan-June, it said in a quarterly financial report, excluding those of its affiliates.

In the second quarter, CAD made a loss of VND6.09 billion (US$0.0003 billion) on revenues of VND79.9 billion (US$0.0039 billion), versus a net profit of VND1.06 billion (US$0.0001 billion) and revenues of VND201.95 billion (US$0.0098) in last Q2.

The total assets of Cadovimex were VND644 billion (US$0.0311 billion) at end-June.