Godaco Seafood targets $4.8m profit in 2013

Shareholders of the Godaco (Go Dang) Seafood Co (AGD) have approved the company's business plan for this year, targeting a revenue of VND1 trillion (US$47.6 million) and a net profit of VND100 billion ($4.8 million), up 18 per cent and 3.4 per cent respectively, over last year's targets.

In order to achieve this, the company will install a second fish meal production line in Go Dang Ben Tre, costing VND30 billion ($1.4 million) and purchase an extra 30ha of land for the production of raw materials, reportedly for VND60 billion ($2.9 million).

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