Vissan to increase beef, pork supply in 2018
Vissan to increase beef, pork supply in 2018
The Vissan Joint Stock Company plans to increase revenue by 18 per cent, reaching VND4.6 trillion (US$204.5 million) this year compared with that of last year.
The company also expect to increase the profit before tax by 8 per cent year-on-year to reach VND179 billion.
Vissan expects to increase the food supply to the market this year from 15 per cent to 20 per cent to boost sales and profits.
The company plans to supply 28,000 tonnes of pork, up 20 per cent, 1,700 tonnes of beef and 21,000 tonnes of processed food, up 15 per cent from 2017.
Last year, Vissan did not complete the business plan. The pork output reached 23,492 tonnes, completing 84 per cent of the year’s plan; beef production has just completed 70 per cent, earning VND1.51 trillion; and the amount of processed food sold has reached 19,009 tonnes, fulfilling 96 per cent of the target.
The total revenue for the whole year was nearly VND3.9 trillion, fulfilling 86 per cent of the year’s target. However, profit before tax reached VND165.75 billion, exceeding 6 per cent of the profit target.
