MEKONGFISH CO: Ukraine– one of the main export markets

In 2010, Mekong Fisheries Joint Stock Company (Mekongfish Co.) planned to gain VND 60 billion of profit before tax, however, it reached only 84.23% of this target. Though the 2010 profit before tax reached only 80.5% what its achieved in the same period of 2009, the company's dividend yield remained highly at a somehow 30%, which was set by General Assembly of shareholders, reports www.megafishnet.com with reference to VASEP.

Mekongfish Co. said the company failed to achieve its target because of lack of raw materials when pangasius farmers hesitated on their farming and the volume of pangasius  farmed by Mekongfish Co. could satisfy only 20% of its production plan. Moreover, low reliability of electricity in the dry season, drop in pangasius consumption, lower export price and increasing prices of raw materials, cost of package and transportation...all impacted considerably the company's operations.

This year, Mekongfish Co. strive to reach VND 550 billion  of sales, gaining a net profit of VND 38 billion and remaining its dividend yield at over 25%. The company plans to harvest 3,400 tons of farming pangasius and export 12,000 tons. The export value is expected to be USD 25 million.

For 2012, Mekongfish Co. hope to rise its sales to VND 600 billion, reaching VND 45 billion of net profit.

The company said, in 2010, it was turning its exports to some new markets such as Ukraina, Belarus and Kazakhstan. Especially, Ukraina will be one of the company's key export markets.

MEKONGFISH CO

Mr. Luong Hoang Manh - Chairman and Director

Add: Lot 24, Tra Noc Industrial Zone, Binh Thuy District, Can Tho City

 Tel: +84 710 3841294

Fax: +84 710 3841192

Email: mkfmekonscomvn@hcm.vnn.vn

Website: www.mekongfish.vn