AsemconnectVietnam - Vinh Hoan (VHC) wants to expand farming area by 80,960 m2 in An Giang; Minh Phu (MPC) decided to increase capital in two subsidiaries; Ben Tre Seafood (ABT) pays 20% cash dividend; Sao Ta Foods (FMC): Sales increased by 18.6% to USD13.4 million in February 2022.

Vinh Hoan JSC
Vinh Hoan JSC (stock code VHC - HOSE) approved the plan to buy land fund to serve aquaculture in An Giang province.
Specifically, Vinh Hoan approved the transfer of land use rights for aquaculture in Nhon My commune and Long Giang commune, Cho Moi district, An Giang province with an area of 80,960 m2, the transfer amount is nearly VND15.2 billion.
In terms of business activities, in the fourth quarter of 2022, Vinh Hoan recorded revenue of VND2,484.09 billion, down 7.8% over the same period and profit after tax recorded VND199.56 billion, down 56 .4% over the same period. In which, gross profit margin decreased from 23.8% to 19.1%.
During the period, due to a sharp decrease in gross profit margin, gross profit decreased by 26.2% over the same period, corresponding to a decrease of VND168.19 billion to VND474.03 billion; financial revenue increased by 93.7%, equivalent to VND57.07 billion to VND117.95 billion; financial expenses increased by 750%, equivalent to an increase of VND120.53 billion to VND136.6 billion; selling and administrative expenses increased by 43.2%, respectively increased by VND66.81 billion to VND221.33 billion and other activities did not change significantly.
The company explained the reason for the decrease in profit during the period due to the decrease in sales volume and production volume, and the increase in raw material and production costs, leading to a decrease of 56.4% in profit to VND199.56 billion. .
Accumulated in 2022, Vinh Hoan recorded revenue of VND13,239.42 billion, up 46.2% over the same period and profit after tax recorded VND2,014.58 billion, up 82.1%.
In 2022, it is worth noting that financial revenue increased by 135.1% over the same period, corresponding to an increase of VND263.82 billion to VND459.15 billion; financial expenses increased by 271%, equivalent to an increase of VND289.16 billion to VND395.88 billion.
The company notes, the increase in financial revenue mainly recorded the realized exchange rate gain of VND363.3 billion over the same period of VND80.7 billion. In addition, financial expenses increased mainly due to loss and provision for securities investment of VND85.6 billion over the same period not recorded, exchange rate losses and high financial expenses.
In 2022, the Company plans to achieve revenue of VND13,000 billion and profit after tax of VND1,600 billion, up 43.6% and 45.6% respectively compared to the implementation in 2021. Thus, at the end of 2022, the company completed 125.9% of the year profit plan.
Minh Phu (MPC)
Minh Phu Group Joint Stock Company (code MPC - UPCoM) has just announced the resolution of the Board of Directors on increasing charter capital into two subsidiaries, including one in Japan.
MPC approves contributing another 20 million yen to Ebisumo Logistics Company to bring the total investment to 60 million yen from the profit. Ebisumo Logistics is a member company in charge of logistics support and customer care in the Japanese market of MPC.
At the same time, the Company also approved to increase the capital of Minh Phu Aquatic Seed Production Co., Ltd from VND200 billion to VND270 billion from the capital of the parent company. In which, MPC owns 99.833% of capital, equivalent to VND269.55 billion; the remaining 0.167% (equivalent to VND450 million) is owned by General Director Le Van Quang.
In 2022, MPC earned nearly VND16,426 billion in net revenue and nearly VND830 billion in net profit, up 21% and 29% respectively compared to 2021. This is also the highest net profit ever of Minh Phu. This is the result of the Company's focus on production and strong sales of value-added products, helping to increase gross profit, leading to increased profit.
In 2022, Minh Phu targets revenue of VND21,018 billion, up 55% and profit after tax of nearly VND1,287 billion, nearly double the previous year. Based on actual results, MPC only fulfilled 87% of the revenue plan and 65% of the year profit plan, respectively.
Ben Tre Seafood (ABT)
The Board of Directors of Ben Tre Seafood Import-Export Joint Stock Company (ABT - HOSE) has just approved the plan to pay the first dividend in 2022 and convene the 2023 Annual General Meeting.
Accordingly, on March 15, the Company will close the list of shareholders paying a cash dividend at the rate of 20%, corresponding to shareholders owning 1 share will receive VND2,000. Dividend payment time is expected from March 24, 2023.
Thus, the parent company - PAN Group JSC, which is currently holding more than 9 million ABT shares, equivalent to 76.47%, will receive about VND18 billion from the dividend payment of Ben Tre Fisheries.
At the same time, the Company will use the above list of key shareholders to hold the Annual General Meeting of Shareholders in 2023. The scheduled meeting time is April 15, 2023.
It is known that at the previous Annual General Meeting of Shareholders, Ben Tre Fisheries approved the plan to pay a cash dividend of 20-30%, at the same time, the business target is VND520 billion in revenue and VND45 billion in profit after tax.
Recently, the Company had consolidated financial statements for the fourth quarter of 2022 with revenue of more than VND144 billion, up 9.92% over the same period last year; but profit after tax decreased by 15.1%, reaching VND12.54 billion.
The reason for the decline in profit, according to Ben Tre Fisheries, was due to the volatile market situation in the fourth quarter of 2022, causing the selling prices of some items to decrease relative to the same period last year.
However, thanks to positive business results in the second quarter, accumulated in 2022, the Company recorded positive growth. Specifically, in 2022, ABT's revenue will reach VND617.43 billion, up 79.77% over the previous year and exceeding 18.74% of the target; profit after tax reached VND64.29 billion, increased by 90.23% and exceeded 42.87% of the plan.
Sao Ta Foods (FMC)
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