Shrimp processing giant posts large revenue increase
Sejumlahnelayan mengangkut udang hasil tangkapan usai pulang melaut di Kampung Nelayan Belawan Medan, Sumut, Kamis (17/4). Nelayan mengaku hasil tangkapan udang mulai melimpah meski kondisi cuaca tak menentu, udang tersebut kemudian di jual ke pengepul seharga Rp. 50 ribu per kilogram. ANTARA FOTO/Septianda Perdana/ed/nz/14

shrimp-1024x683.jpg

Minh Phu Seafood, one of the country’s biggest shrimp processors, reported a 9 percent rise in revenues to over VND6.1 trillion ($269 million) in the first half of the year.

The HCMC company said however the pandemic is causing disruption in sales, especially in North America, its biggest market.

Its net profit rose nearly 20 percent to VND276 billion.

It received a VND336-billion import tariff refund after the U.S. in February withdrew an accusation that one of its subsidiaries, Mseafood, had violated anti-dumping regulations.

The company had to deposit the sum while it disputed the case.


About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.


CONTACT US

CALL US ANYTIME

Most read



Retail updates

Stay up to date of the lates updates and retail news from Asia.








X