“The bright pearl of Cuu Long's land”

DNHN - After two years of witnessing the cruelty of the Covid epidemic, with much pain and loss and a series of businesses, large corporations had to declare bankruptcy! However, in a similarly tricky situation, IDI has turned the difficulties into certain advantages in the harshest environment.

IDI, a Mekong Delta seafood processing enterprise and a key member of the Sao Mai Group, has triumphed spectacularly in the face of pandemic challenges.

During the extreme night of pangasius farmers, when the social distance caused by the prolonged Covid epidemic drove the price of pangasius to 17,000-18,000 VND/kg, making farmers miserable, and other businesses in the same industry faced many difficulties to maintain operations, IDI boldly took the initiative to "stock cheap strategic goods"!

With a relatively accurate forecast, IDI leaders signed an urgent cooperation agreement with farming households to ensure nearly 90 per cent of the demand for raw fish in 2022 at a relatively low price!

IDI has created a certain advantage when the pangasius industry recovers as expected, thanks to the right decision and strong potential. This is demonstrated by IDI's estimate of nearly 4,200 billion dongs in revenue and nearly 450 billion dongs in pre-tax profit for the first six months of 2022.

The Company's Board of Directors has made a plan to implement the dividend payment plan for 2021, which was approved by the General Meeting of Shareholders at a rate of 15% in cash and is expected to be implemented in the third quarter of 2022.

As a result, IDI company shareholders will soon receive a total dividend of more than VND 341 billion before the third quarter of this year. The company's leaders expect a profit boom in the remaining six months, particularly in the fourth quarter, when the pangasius industry's business season is the most favourable when the company has enough "high-quality supply at a cost-effective price."

Despite China's current zero-covid policy, the Company's Board of Directors is optimistic and expects to exceed the General Meeting of Shareholders' 2022 target of 8,300 billion dongs in sales and 9.00 billion dongs in profit after tax. This plan is considered quite difficult, but with its potential, its completion is completely grounded.

Furthermore, the Board of Directors has submitted to the General Meeting of Shareholders for approval of the plan to pay dividends in 2022 at a rate of 30% in cash and authorises the Board of Directors to decide when the 2022 dividend can be advanced. This demonstrates the Board of Directors' strong belief in operating production and business, as well as firmly affirming with shareholders the Company's new development phase. "A period of business sublimation and prosperity for IDI shareholders" will follow.

PL (According to Tri thuc tre)