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April 5, 2016

Vietnam

Minh Phu Loses Money in 2015

 

In 2015, Minh Phu Seafood, the largest shrimp processor in Vietnam, reported a loss $311,638 on sales of $551 million, down 18.60% from 2014.  It had sales of 47,751 metric tons, down 12.42% from 2014.  For 2016, it is forecasting lower shrimp exports of 45,540 tons, but expects a profit of close to $30 million.

 

Source:  Undercurrent News [eight free news reads every month].  Editor, Tom Seaman (undercurrent@undercurrentnews.com).  Minh Phu in Red as Shrimp Sales Value, Volume Slide.  April 4, 2016.

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