Leading Vietnamese Shrimp Exporter Pays Nearly 84 Billion VND in Countervailing and Anti-Dumping Taxes in First Half of the Year; Six Times Higher than Last Year

Sao Ta Food Company (HOSE: FMC) reported a revenue of 1.876 trillion VND in Q2 2025, up 51% year-on-year. Net profit reached 101.6 billion VND, a 22% increase, while total revenue for the first half of the year was 3.867 trillion VND, up 43%, with a slight decrease of 1% in net profit to 139 billion VND. The company sold 5,592 tons, including 5,349 tons of seafood. However, it paid 84 billion VND in various taxes, six times higher than the previous year. Anti-dumping tax costs rose 200% to 40 billion VND, alongside countervailing and other taxes. As of June 30, total assets stood at 4.6 trillion VND, a 22% increase. The company has a charter capital of 654 billion VND, is part of PAN Group, and has strategic shareholder C.P Vietnam holding 24.9%.