Vissan targets 2018 profit growth of 8%


Vietnam Animal Industry Joint Stock Company (UPCoM: VSN, Vissan) expects total revenue this year to increase 18% compared to the previous year, production of meat products will increase by 15-20%.

In 2018, Vissan forecasts that the pork price will increase at a stable level, the supply to the market is more balanced, the price and volume of imported pork will increase compared to 2017 thanks to the elimination of import tax on pork …

Accordingly, the company sets a total revenue target of 4,600 billion VND, up 18% compared to 2017; Profit before tax is expected to reach 179 billion, up 8%.

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In terms of production, the output of pork sold is expected to reach 28,204 tons, an increase of 20% over the same period, beef production and food output of CB at 1,735 tons and 21,874 tons, up 15% over the same period.

In 2017, Vissan achieved VND 3,900 billion in revenue and nearly VND 166 billion in pre-tax profit, an increase of over 130% compared to the previous year.

Regarding investment activities, the company spent 30 billion VND including transitional items from 2016 (17.2 billion VND), new investment items in 2017 (12.9 billion VND). The company focuses on investing in modern machinery and equipment to expand production, increase labor productivity, improve product quality and renovate and repair facilities to ensure production environment. business…

Lihai
* Source: Partner

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