AGIFISH aims at profitability within 2022

( In 2022, An Giang Fisheries Import and Export Joint Stock Company (AGIFISH) expects to hold the annual General Meeting of Shareholders on June 17th, 2022 AGIFISH aims at having lucrative business even though having suffered losses for six months in a row.

AGIFISH aims at profitability within 2022

This year, The Board of Manager submitted an estimated revenue of 750 billion VND – increased by 60% compared to 2021; the pre-tax profit is expected to be 12 billion VND (while last year’s loss was reported at 92 billion VND)

In this year, AGIFISH’s production and business situation still encounter many difficulties. However, due to the pandemic that has gradually brought under control, the market has also stabilized progressively, along with the recovery in export demand, all factories will be operated at full capacity.

AGIFISH revealed that they will be focusing on the production of fillet products, reducing the size of material farming areas, reducing the size of some inefficient farming areas in order to recover the capital to repay the banks. This helps the company to lower the pressure coming from interest rate.

Also, the company will restructure the wholesalers and distribution agents of value-added products with the aim to boost efficiency, reduce cost to strengthen competitiveness

AGIFISH, formerly known as An Giang Frozen food enterprise - established in 1985, was equitized in 2001. At that time, the company ranked 2nd in the country in terms of seafood export processing capacity (with the main products are frozen basa fish and pangasius). Currently, the company has the authorized capital of 281 billion VND.

Compiled by My Hanh

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