Food processing exporter posts 37b dong pre-tax profit

Long An Food Processing Export Joint Stock Company (Lafooco) gained revenue of 439.6 billion dong, export-import turnover 35.68 million US dollars, pre tax profit 37 billion dong in January Aug, about 92.5 percent of the year plan, said Nguyen Van Chieu, general director of the firm.

By the end of this year, the company would reach 70 to 80 billion dong in pre tax profit, equalling to 200 percent of the plan, added Chieu.
Apart from cashew nut import, the firm extended its operation fields such as domestic business, export-import, joint venture cooperation, financial investment, and port services.

Lafooco targeted to grow at least 15 percent of production business operations and gain average profit of 62 billion dong per year in the term of 2010 – 2014.

The company now has 133.89 billion dong of chartered capital.

Tags: Long An Food Processing Export

Posted by VBN on Sep 13 2010. Filed under Food & Beverage, Stock. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry