(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.

Explaining the business results, Sao Ta Foods’ management stated that while revenue growth was robust, the limited profit increase was largely due to a sharp rise in raw material costs, leading to less-than-expected performance in order fulfillment.

In the first nine months of 2024, Sao Ta Foods achieved a total revenue of VND 5,548 billion, marking a 44.7% increase compared to the same period last year. Net profit reached VND 235 billion, up 10.3% compared to the first nine months of 2023.

This year, Sao Ta Food set a target revenue of VND 5,187 billion and pre-tax profit of VND 320 billion. With the current performance, Sao Ta Food has surpassed its revenue target by 7% and completed 72.4% of its profit plan.

Meanwhile, Nam Viet Corporation (Navico - HoSE: ANV) reported a net revenue of VND 1,341 billion, up by more than 32% year-on-year. After deducting expenses, net profit reached VND 27.8 billion, 28 times higher than the same period last year.

For the cumulative nine months of 2024, Navico’s net revenue reached VND 3,550 billion, an increase of over 6% year-on-year. Net profit totaled nearly VND 42.5 billion, a slight increase compared to the first nine months of 2023. Navico has set an annual target of VND 5,000 billion in total revenue and VND 306 billion in net profit.