Dabaco has successfully distributed almost all of 92.6 million shares to existing shareholders and employees in the company, generating close to VNĐ1.3 trillion ($52.3 million).
In the second quarter, Dabaco’s revenue reached VND3,8 trillion (US$166.3 million), up 40 per cent year-on-year. However its profit after tax halved to VND214 billion.
Authorities have been increasing imports to contain prices, and even allowed for the first time imports of live pigs to cater to people’s preference for fresh meat over frozen meat.
Many large pig breeding firms in the country have reported a surge in profits in the first months of the year thanks to high prices due to a supply shortage.
Viet Nam’s Dabaco Group (DBC) will transfer a part of its chartered capital in Dabaco Foodstuffs Processing Company Limited (Dabaco Food) to Kido Corporation (KDC) and DBC’s chairman of board Nguyen Như So.
Vietnamese food market is witnessing an increasingly fierce competition
between the sausages manufacturers, with the participation of many
famous brand names like VISSAN, Duc Viet and CPV.