AsemconnectVietnam - Sao Ta Food Joint Stock Company (stock code FMC - HOSE) announced its business situation in February 2023.

Specifically, in February 2023, Sao Ta Foods recorded sales of USD13.4 million, up 18.6% over the same period. In particular, the reason for the increase in sales was because the Lunar New Year holiday last year fell in February.
The company said that in February 2022, finished shrimp production reached 1,015 tons, down 22% over the same period; production of finished agricultural products 205 tons, up 38% over the same period; finished shrimp consumption reached 1,081 tons, up nearly 15% over the same period; consumption of finished agricultural products reached 111 tons, down 3% over the same period.
Currently, the Company has stocked nearly 200 million shrimp seed for the 320 ha farming area, the new area of more than 200 ha is in the process of making a pond, expected to be completed and stocked in May 2023.
Previously, in January 2023, the Company estimated sales of USD15.2 million, down 47.4% over the same period. In which, production of finished shrimp was 581 tons, down 68.7% over the same period; finished agricultural products output 80 tons, down 51% over the same period; finished shrimp consumption was 1,111 tons, down 53% over the same period; and consumption of finished agricultural products was 163 tons, down 58% over the same period last year.
The company explained the reason for the decline in the first month of 2023 because January 2023 only operated for 20 days, the rest was Tet holiday; shrimp raw materials are scarce because at the end of the season; and orders less than the same period.
N.Nga
Source: VITIC/Tinnhanhchungkhoan