AsemconnectVietnam - Ca Mau Petroleum Fertilizer Joint Stock Company (PVCFC, code DCM - HOSE) has exceeded the targets according to the 2023 plan as well as the management plan in the resolution of the Vietnam Oil and Gas Group.

Specifically, the converted urea production output is estimated at 954 thousand tons, NPK is estimated at 150 thousand tons, an increase of 3,000 tons compared to the plan. Total consumption of all types of fertilizers in 2023 of Ca Mau Fertilizer is estimated to reach more than 1.3 million tons of products, an increase of 20% compared to 2022. Of which, urea consumption is estimated to reach 866 thousand tons. In particular, PVCFC has successfully penetrated and developed the NPK market with annual consumption estimated at 160 thousand tons, equal to 192% compared to 2022.
In 2023, Ca Mau Fertilizer will both ensure adequate supply of output for the domestic market and seek revenue from export and international business. Up to now, Ca Mau Fertilizer products have been present in about 18 countries around the world, export output in 2023 is expected to reach 344 thousand tons, accounting for about 26% of total consumption and export value expected to reach USD136 million, accounting for about 25% of fertilizer product revenue. Among them, Cambodia is the largest export market with output and export value accounting for more than 60%.
In 2023, Ca Mau Fertilizer exceeds the yearly plan target with estimated revenue of VND13,572 billion and pre-tax profit estimated at VND1,031 billion.
Entering 2024, Ca Mau Fertilizer focuses resources to prioritize implementing 3 areas to create motivation for sustainable development: investment activities, building sustainable development strategies (ESG) and comprehensive digital transformation, deeply into the Company's activities.
N.Nga
Source: VITIC/Tinnhanhchungkhoan