Major Vietnamese shrimp exporter Minh Phu Q3 profit up 50 percent over year-ago
SEAFOODNEWS.COM [VNS] - November 20, 2014 -
Minh Phu Seafood Corporation (MPC), Vietnam’s largest shrimp exporter by revenue, said in the July-September quarter, it earned a consolidated net profit of VND197.5 billion, up 49.8% on year, while its net revenue increased 24.84% on year to VND4.55 trillion in the period.
Minh Phu made a consolidated net profit of VND565.12 billion ($26.7 million) in the first nine months of this year, jumping 3.6-fold year on year thanks to a fall in financial costs.
Net revenue soared 47.3% on year to VND10.8 trillion in the period, MPC said.
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