VHC Achieves 6% Growth with 801 Billion in Revenue for February

Vinhh Hoan Joint Stock Company (HOSE: VHC) has recently announced its business performance for February 2024, with a total revenue of VND 801 billion, representing a 6% increase compared to the same period last year.

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In terms of product structure, the main product from tra fish reached VND 417 billion, staying flat compared to the same period. The secondary products and puffed cakes reached VND 148 billion and VND 23 billion respectively, increasing by 8% and 14%. The products made from rice reached VND 16 billion, a 137% increase.

On the contrary, the collagen and gelatin products brought in VND 56 billion, a 30% decrease compared to the same period. The value-added products also decreased by 15% to VND 6 billion.

Revenue structure by product in February 2024 of VHC
Unit: Billion VND

Source: VHC

In terms of revenue by market, the US market continues to be the main export market, reaching VND 222 billion, a 13% increase compared to the same period. It is followed by the European market, reaching VND 138 billion, but this figure is 29% lower than the same period. Meanwhile, exports to the Chinese market have shown significant growth of 91%, reaching VND 134 billion.

In the domestic market, VHC earned VND 210 billion, an 11% increase compared to the same period.

Revenue structure by market in February 2024 of VHC
Unit: Billion VND

Source: VHC

In January 2024, the total revenue of the company reached VND 921 billion. Combining the first two months of the year, VHC brought in VND 1,722 billion, a 42% increase compared to the same period.

At the end of the morning session on March 19, the stock price of VHC stopped at VND 76,600 per share, an increase of over 27% compared to the beginning of the year.

Stock price of VHC since the beginning of 2024

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