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Minh Phu (MPC) decided to increase capital in two subsidiaries 

 Sunday, March 5,2023

AsemconnectVietnam - 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.
Source: VITIC/Tinnhanhchungkhoan


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