December 22, 2011

Vietnam's Godaco Seafood JSC (AGD) estimates it would earn a net revenue between VND120 billion (US$5.71 million) and VND140 billion (US$6.7 million) this year.

Its revenues are estimated to reach VND800 billion (US$38.1 million), the Dau tu Chung khoan newspaper reported December 21, citing the company's Deputy General Director Nguyen Tung Duong.

In 2011, AGD estimates to have revenues of US$35 million from exports. EU remained the largest importer of AGD products, making up 50% of the total turnover, followed by South American, Middle East and Asia.

The seafood firm earned a consolidated net profit of VND100.12 billion (US$4.8 million) on revenues of VND640.52 billion (US$30.5 million) during January-September, up 4.3 times and 66.6% on year, respectively.