AsemconnectVietnam - Sao Ta Food Joint Stock Company (FMC) has just announced its production and business results for August 2026, showing a strong increase in finished shrimp production, while sales and revenue continued to decline compared to the same period last year.

Specifically, in August, FMC produced 3,791 tons of finished shrimp, a 31% increase compared to the same period in 2025. Finished agricultural product production reached 64 tons, a decrease of 27%.
In terms of sales, FMC recorded 2,578 tons of finished shrimp, a 13% decrease compared to the same period; agricultural product sales reached 99 tons, a 16% decrease.
As a result, the company reported overall sales for August at US$32.1 million, a 13% decrease compared to the same period. Compared to July's sales of $35.77 million, August's revenue also decreased by more than 10%.
According to FMC, shrimp farming operations in the farms remained stable, with favorable harvest yields. The company arranged a rotational stocking and harvesting schedule to proactively manage raw materials, maintain processing capacity, and coordinate between farming areas and factories.
FMC assessed that in August, shrimp processing output increased significantly, but consumption and sales remained lower than the same period last year. On the other hand, this production result also creates conditions for the company to accelerate deliveries in the last months of the year, a time when demand in major markets usually increases.
Recently, FMC announced its audited consolidated financial statements for the first six months of the year with over VND3,066 billion in net revenue, a 20% decrease compared to the same period last year, while after-tax profit increased by 81.5%, to over VND252.9 billion.
FMC stated that the sharp increase in profit during the period was mainly due to lower raw material prices and the successful completion of the first shrimp farming season in 2026 in the second quarter.
In addition, the difference mainly relates to the reversal of VND27.56 billion in anti-dumping (AD) tax at Khang An Food Joint Stock Company. Khang An had already fully provisioned for this tax, but the auditors requested its reversal in the consolidated financial statements for the first six months because FMC had already provisioned the corresponding amount when consolidating the 2025 report. This reversal helps the consolidated financial statements avoid a full qualified audit opinion.
Source: VITIC/Bao Tai chinh – Dau tu