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Freight rates eat into Minh Phu’s profits in Q4

The Vietnamese shrimp company saw revenues lift 7.6%, but the spiking costs of shipping meant profit after tax fell by almost 11%

By Undercurrent News | Jan. 24, 2022 10:15 GMT
Minh Phu shrimp on display at Vietfish 2018
Minh Phu shrimp on display at Vietfish 2018. Credit: Neil Ramsden

UCN proposes launch of new US wholesale price reporting for farmed whitefish

UCN proposes launch of new US wholesale price reporting for farmed whitefish

UCN proposes launch of new US wholesale price reporting for shrimp markets

UCN proposes launch of new US wholesale price reporting for shrimp markets

UCN proposes launch of new US wholesale price reporting for groundfish markets

UCN proposes launch of new US wholesale price reporting for groundfish markets

CFSE 2024

CFSE 2024

Testing Post For UCN-Company Plugin

Testing Post For UCN-Company Plugin

FOR EU: Norwegian salmon farmer looks to UK ‘regenerative’ wheat in CO2 reduction drive

FOR EU: Norwegian salmon farmer looks to UK ‘regenerative’ wheat in CO2 reduction drive
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Vietnamese shrimp processor and exporter Minh Phu Seafood saw a spike in the cost of freight rates eat into its profits in the fourth quarter of 2021, reports VietnamBiz [...]

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