On May 7, Nam Viet Joint Stock Company (Navico, ticker: ANV) announced that Doan Chi Thanh, the business director and son of CEO Doan Toi, had his 1.64 million ANV shares liquidated, reducing his ownership to 12.21%. Earlier, on April 15, Thanh had also sold 63,500 shares. Meanwhile, Toi bought back 3 million ANV shares, increasing his ownership to 54.98%. For Q1 2025, Nam Viet reported a revenue of VND 1,106 billion but a significant surge in net profit to VND 132 billion. The company expects a profit of VND 300 billion in the first six months of the year and VND 500 billion for the year, with a cash dividend of 10%. After recent sell-offs driven by concerns from the U.S. market, Toi affirmed that ANV stocks remain promising, and the main markets for Nam Viet include China, the Middle East, and Brazil. The company holds the second-largest closed production chain for catfish globally, providing up to 370,000 tons of raw fish annually.
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