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Vinh Hoan JSC (VHC) gains $309m from October exports
Seafood processor Vinh Hoan Joint Stock Company has recorded US$309 million worth of export turnover in the past 10 months.
The figure represents a yearly increase of 26 per cent. In October, the company’s export value rose 22 per cent year on year to $39.3 million.
The US, China and Japan remain the top export markets for the company. Its exports to those markets respectively increased by 45 per cent, 102 per cent and 30 per cent, year on year.
Vinh Hoan JSC reported its third-quarter net revenue rose by a quarter to VND2.52 trillion ($112.2 million) and its third-quarter post-tax profit gained 260 per cent year on year to VND609 billion.
After the first three quarters, the company recorded VND1.03 trillion in post-tax profit, a yearly increase of 153 per cent and beating its full-year forecast of VND620 billion.
Vinh Hoan JSC also plans to pay a 20 per cent cash dividend for its 2018 performance on December 20. The company will finalise the list of beneficial shareholders on December 10.
The company is listing more than 92.4 million shares on the Ho Chi Minh Stock Exchange as VHC. The dividend payout may cost the company VND184 billion.
The firm shares gained 1.8 per cent to close Thursday at VND109,600 ($4.87) per share.
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