Minh Phu Seafood Corporation (MPC) recently released its financial report for Q2 2025, showing net revenue of VND 3,621 billion, a decrease of 3.1% compared to Q2 2024. However, gross profit rose by 10% to VND 432 billion, aided by a larger decline in cost of goods sold. Profit from joint ventures was recorded at VND 5.6 billion, significantly improving from a loss of VND 26.5 billion in the previous year. Consequently, net profit after tax soared by 329% from VND 38 billion to VND 165 billion, marking the highest in ten quarters. The company attributes this profit surge to increased production and the sale of value-added products. For the first half of the year, net revenue was stable at VND 6,468 billion, but net profit surged by 300% to VND 183 billion compared to H1 2024. By June 30, total assets decreased by VND 150 billion to VND 9,387 billion, with cash decreasing by VND 286 billion. Total liabilities decreased to VND 4,239 billion, including nearly VND 3,346 billion in loans. Equity increased to VND 5,148 billion.
Leave a Reply