Tuesday, November 20, 2018 1:08:52 AM - Markets open
VN-INDEX 916.06 +17.87/+1.99%
HNX-INDEX 103.95 +0.93/+0.91%
UPCOM-INDEX 52.40 +0.38/+0.74%
Vissan targets 18 per cent pre-tax revenue increase
http://vietnamnews.vn/ - 4/12/2018 3:41:26 PM
 (0 ratings. You must sign in to rate.)
Vissan Joint Stock Company targets a pre-tax profit of VNĐ179 billion on revenues of VNĐ4.6 trillion (US$204.5 million) this year, respectively 8 per cent and 18 per cent higher year-on-year.
Speaking at the annual shareholders meeting in HCM City yesterday, Nguyễn Ngọc An, the company’s general director, said the livestock sector would be more positive this year than last year, with more pig farms resuming production, sow numbers controlled and growing at a steady rate and a greater balance between supply and demand.
Pork prices are forecast to increase, he said.
Consumers would buy more and more food from modern trade channels and the retail market thus has a lot of potential for development, he said.
An said to meet the target this year the company would increase supply of pork, beef and processed foods this year by 15-20 per cent, he said.
It would increase sales of fresh meat products through modern distribution channels, convenience stores and the hotel, restaurant and catering sector, he said.
It plans to develop new fresh meat products targeting high-income customers, and open at least one shop targeting this segment this year, he said.
Besides retaining a strong foothold in traditional markets, the company would expand its presence not only in HCM City but also other cities and provinces, he said.
Speaking about acquiring modern technology for its slaughterhouse and food processing plant, he said the company would identify a contractor to supply equipment that can slaughter 360 pigs every hour.
Nguyễn Phúc Khoa, Vissan’s chairman, said with regard to Sài Gòn Trading Group (Satra)’s divestment of its stakes in Vissan, it has to wait for directions from the city.
Satra owns 67.76 per cent of Vissan.  — VNS
Read original article here
Newer News
17/08 MCH finalising bonus share list
17/08 LPB: LienVietPostBank downgrades many business targets
16/08 FPT betting on M&A to go global
16/08 PVN considers merger of two biggest fertiliser firms
16/08 MSR: Masan buys tungsten facility
13/08 VNM: Vinamilk to spend over 170 mln USD on hi-tech dairy farm in Can Tho
09/08 Thaco announces strategic cooperation with HAGL
08/08 Vinalines to launch IPO on September 5
07/08 Vietnam Airlines, Vinamilk shake hands to provide 4-star service
06/08 BCG: Bamboo Capital sign condotel and villa deal
Older News
10/04 SBT to buy back 83.5 million shares
10/04 Vingroup enters pharmaceutical industry
10/04 HPG: Hoa Phat exports wire drawing steel to Laos, RoK
07/04 Vietinbank and PG Bank deal collapses
07/04 Sabeco asked to hold shareholders’ meeting on personnel matters
06/04 TPBank heads to HSX at VND32,000 initial price
05/04 HVG: Seafood firm Hùng Vương to sell assets to offset losses
04/04 Sabeco meeting to add ThaiBev to board
03/04 VIC: Vinfast’s sedan, SVU models acquire IP protection in EU
02/04 HPG: Steelmaker Hoa Phat Group targets 2.42 billion USD in revenue
Newsletter Signup
Top Stories
VN Index to rise amid volatility, weak liquidity
VN stocks continue rallying
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Market Update
Last updated at 3:09:16 PM
VN-INDEX 916.06 +17.87/+1.99%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.