News
Mekongfish reported profit before tax of VND 8.5 billion in the first 6 months of 2019
08:00 | 19/05/2020
In the first 6 months, net revenue is 95 billion dong, down by 14%. Profit before tax was VND 8.5 billion, up 10.4% and exceeding 6% of the year plan.
It is known that in 2019, Mekong Fisheries sets targets of revenue and profit before tax of VND 220 billion and VND 8 billion, respectively.
As of June 30, 2019, the total assets of the company reached VND 241.2 billion, up 4.9% compared to the beginning of the year.
In particular, inventories increased sharply from VND 65 billion to VND 80.3 billion, mainly from finished products. Short-term debt reached 23.1 billion dong, up 52% due to payables to the seller at 14.3 billion dong, 2.3 times higher.
In terms of cash flow, net operating flows decreased sharply from VND 35.6 billion to VND 7.7 billion. Cash flow from investing activities recorded VND 3.4 billion while the same period was VND 5 billion.
Recently, the Mekong Fisheries Board has approved the plan to issue bonus shares to existing shareholders in order to increase charter capital from share capital surplus. Accordingly, the company plans to issue an additional 2.4 million new shares with a total par value of VND 24 billion. The right rate is 30% (shareholders owning 10 shares will receive 3 new shares). Capital source is implemented from share capital surplus as of December 31, 2018.
It is known that in 2019, Mekong Fisheries sets targets of revenue and profit before tax of VND 220 billion and VND 8 billion, respectively.
As of June 30, 2019, the total assets of the company reached VND 241.2 billion, up 4.9% compared to the beginning of the year.
In particular, inventories increased sharply from VND 65 billion to VND 80.3 billion, mainly from finished products. Short-term debt reached 23.1 billion dong, up 52% due to payables to the seller at 14.3 billion dong, 2.3 times higher.
In terms of cash flow, net operating flows decreased sharply from VND 35.6 billion to VND 7.7 billion. Cash flow from investing activities recorded VND 3.4 billion while the same period was VND 5 billion.
Recently, the Mekong Fisheries Board has approved the plan to issue bonus shares to existing shareholders in order to increase charter capital from share capital surplus. Accordingly, the company plans to issue an additional 2.4 million new shares with a total par value of VND 24 billion. The right rate is 30% (shareholders owning 10 shares will receive 3 new shares). Capital source is implemented from share capital surplus as of December 31, 2018.
