AsemconnectVietnam - On September 24, Nafoods Group Joint Stock Company (Hose: NAF) was honored to receive two prestigious awards at the IR Awards 2024, including "Small Cap with the most favorite IR activities of investors 2024" and "Small Cap with the most appreciated IR activities of financial institutions 2024".

This is recognition of the company's continuous efforts in building and maintaining a transparent and effective investor relations (IR) environment.
IR Awards 2024 is an award to honor transparency, effectiveness in financial communication, correctness in governance and outstanding efficiency in IR activities of listed companies. With the continuous improvement of governance according to international standards and transparency in the company's operations, Nafoods continues to gain sympathy and appreciation from domestic and foreign investors.
The award "Small Cap with the most favorite IR activities of investors 2024" is a testament to the success in implementing Nafoods' IR strategies.
Over the years, Nafoods has continuously improved its approach to investors and committed to providing timely, clear and accurate information, while organizing in-depth meetings and seminars to listen to investors' feedback and needs.
In addition, Nafoods also proactively provides additional valuable information, from economic factors affecting the industry, market trends, to strategic orientation, plans, business results and operations of the Group, to help investors have full information about Nafoods' operations. The love from the investment community is the result of continuous efforts to meet and exceed their expectations.
In addition, the award "Small Cap with the highest rated IR activities by financial institutions 2024" is a recognition from financial experts and financial institutions for the quality and effectiveness of Nafoods' IR activities.
This reflects the appreciation of industry experts for the transparency, professionalism and ability to provide accurate information of the business. This award is recognition of the strategic innovation and creativity that Nafoods applies in investor relations activities.
Nafoods shares always receive great attention due to their strong growth potential and high stock liquidity. Continuing the upward momentum in 2023, Nafoods' shares have increased in the first 8 months of 2024.
Specifically, the market price has increased by 33% compared to the beginning of the year, which is more positive compared to the VN-Index which increased by less than 14% in the same period. The current price is 3 times higher than the bottom in mid-November 2022, but still 38% lower than the historical peak of nearly VND33,000/share set in August 2021 (adjusted prices).
The upward movement of the stock is in parallel with stable business results. In 2023, consolidated net revenue was recorded at VND1,733 billion. Improved gross profit margin helped after-tax profit for parent company shareholders increase by 38% to VND110 billion.
In the first half of this year, net revenue was recorded at VND752 billion. Export is the spearhead in the revenue structure, accounting for nearly 90%.
IR activities are an essential part of Nafoods’ overall strategy. We believe that transparency and effective communication with investors not only help build trust but also facilitate the sustainable development of the company.
These awards are not only corporate achievements but also demonstrate Nafoods’ commitment to maintaining and improving IR standards through the implementation of a series of measures and initiatives.
We are very proud of these achievements, but also realize that this is just the beginning of a continuous journey to maintain and improve the quality of IR activities.
Nafoods is committed to continuing to promote core values in investor relations activities, while constantly striving to bring sustainable value to shareholders and the community. We believe that with the support of investors and financial partners, Nafoods will continue to grow strongly and achieve more success in the future.
In addition, the requirements for Environmental and Social Governance (E&S) as well as the increasing trend of investment focusing on sustainable development of global investment organizations require businesses to increasingly focus on and regularly improve the quality of Corporate Governance, including good governance of environmental and social sustainability issues and protection of the interests of stakeholders.
Recognizing this, over the years, Nafoods has always been aware of complying with legal regulations related to corporate governance in general as well as governance regulations for listed companies in particular.
At the same time, the Company always strives to improve the quality of governance, through the application and adherence to the criteria in the Corporate Governance Principles according to best practices for public companies in Vietnam, jointly drafted by the State Securities Commission and the International Finance Corporation (IFC).
In terms of sustainable development and environmental and social responsibility; as an enterprise operating in the agricultural sector, Nafoods always focuses on ensuring that production and business activities do not cause harm to the environment and the community by providing safe products, while always considering the impacts on the environment and society to promptly deploy risk management and control solutions.
At Nafoods, we are gradually applying the circular economy in production: increasing the conversion of waste into inputs for production according to the natural cycle, contributing to increasing the efficiency of resource use and adapting to climate change.
Not stopping there, we also actively implement community development programs and contribute to the overall economic development of the locality.
Improvements in business performance along with being honored as one of the listed companies with the best corporate governance are proof of the efforts to implement the development strategy of the entire company, aiming for stable and sustainable development.
N.Nga
Source: VITIC/Tinnhanhchungkhoan