BaF Vietnam expects net profit to increase tenfold compared to 2023
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- Business
- 17:14 09/04/2024
DNHN - To achieve this goal, BAF Vietnam has planned to invest in building 18 new farms and 2 animal feed factories in the 2024-2025 period.
BAF Vietnam Joint Stock Company has just announced an ambitious development plan at the 2024 Annual General Meeting of Shareholders. With the goal of growth and expansion, the company plans to increase its livestock and agricultural production, while seeking international cooperation opportunities to strengthen its market position.
This year, BAF Vietnam plans to sell approximately 0.58 million pigs and over 24,700 breeding pigs, with an estimated total revenue of VND 5,544 billion. Of which, the livestock sector is expected to generate VND 3,400 billion, while the agricultural sector is expected to contribute VND 2,000 billion.
Notably, the company aims to double its total herd size compared to the end of 2023, reaching 75,000 sows and 800,000 pigs by the end of the year. To achieve this goal, BAF Vietnam has planned to invest in building 18 new farms and 2 animal feed factories in the 2024-2025 period. This year, they plan to put 7 new farms into operation and start construction on 6 farms and 1 animal feed factory.
In addition, BAF Vietnam also aims to develop a linkage chain with farmers to expand its livestock farming scale and expand its product distribution channel in major supermarkets such as Big C and AEON. The company is also seeking cooperation opportunities with foreign partners to enhance its brand position in the international market.
Data from VPBankS Research shows that BAF Vietnam’s pig farming cost is only VND 40,000/kg, which is quite low compared to the industry average. This is considered a favourable condition for the company to continue expanding its production scale.
With its ambitious business plans and strategies, BAF Vietnam is creating great development potential in the future, strengthening its position in the livestock and agricultural industry in Vietnam as well as in the international market.
P.V
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