September 7, 2011

Sao Ta Foods JSC posts revenues of US$52 million

Sao Ta Foods JSC (FMC) posted revenues of US$52 million between January and August this year, surging 50% in contrast to the same period last year.

The company produced 854 tonnes of shrimp in August with revenues of US$8.6 million.

The company plans to produce 3,000 tonnes of shrimp with revenues of US$30 million in the third quarter.

Sao Ta Foods JSC, with foreigners holding a combined 6.93% as of September 5, targets a pre-tax profit of US$1.44 million on revenues of US$80.769 million this year, up 17% and 13% on year, respectively.