AsemconnectVietnam - Tuong An Vegetable Oil Joint Stock Company (TAC code) has just announced that the first quarter 2020 revenue reached VND 1,043 billion.

The profit before tax in the first quarter of 2020 reached VND 37 billion. Accordingly, the revenue and profit in the first quarter of 2020 increased by 23.5 percent and 22.5 percent, respectively.
Tuong An Vegetable Oil is an enterprise operating in the field of essential food. The company manufactures and exports products processed from oil, animal fat, from oil seeds, coconut jelly; Manufacturing and trading all kinds of packaging; exporting raw materials and materials for vegetable oil processing and processing.
According to Tuong An Vegetable Oil Joint Stock Company, before the complicated situation of the Covid-19 epidemic, the Company planned materials, regulated the supply of raw materials for production, optimizing inventory, ensuring sufficient goods to meet essential needs for people with stable prices.
Tuong An has promoted the strategy of premiumizing and diversifying products, improving and developing products with high nutritional value in accordance with consumers' health protection needs.
The company also operates modern sales channels of Minimart, CVS ... and increases product coverage on traditional and modern channels ...
The company has chartered capital of VND 338.8 billion, owner's equity of VND 676.3 billion, total assets of VND 1,731.2 billion.
In 2019, Tuong An Vegetable Oil Joint Stock Company achieved net revenue of VND 4,142.2 billion, profit after tax of VND 136.2 billion, basic earnings per share in 2019 reached VND 4,021/share.
In recent years, Tuong An Vegetable Oil Joint Stock Company has invested in researching and developing products with high nutritional value to provide consumers, researching and developing product lines that add micronutrients to improve health and the immune system of Vietnamese consumers, meeting the specific health care needs of each customer.
N.Nga
Source: Securities Investment Newspaper