Bau Duc continues to receive good news thanks to banana trees

(Dan Tri) - Mr. Duc believes that in recent years, HAGL has lived on bananas. He even compared that he would carve a banana tree statue to show his gratitude, because it was the banana tree that “saved” HAGL.

Hoang Anh Gia Lai Joint Stock Company (HAGL, stock code: HAG) announced its third quarter report, recording net revenue of VND 1,895 billion, an increase of 32% over the same period in 2024.

Of which, the fruit segment still contributed the majority of revenue with 1,419 billion VND, up 61% over the same period. Revenue from sales of other products and goods also recorded 428 billion VND, up 49%.

In contrast, the pork segment achieved revenue of nearly 40 billion VND, down 83% over the same period.

After deducting expenses, the company's consolidated profit after tax in the third quarter reached VND432 billion, up 23% over the same period last year.

In the first 9 months of the year, net revenue reached more than VND 5,600 billion, up 34% over the same period in 2024. Profit after tax recorded VND 1,312 billion, up sharply by 54%. HAGL's main growth momentum came from banana exports. Meanwhile, in the first 9 months, pork revenue decreased by more than 79%.

Mr. Duc at Hoang Anh Gia Lai's banana packaging facility (Photo: DT).

In a recent share, Mr. Doan Nguyen Duc (Bau Duc) said that it can be said that in recent years HAGL has lived on bananas, it is the banana tree that has "saved" HAGL.

It is noted that Hoang Anh Gia Lai exports hundreds of thousands of tons of bananas every year, mainly to China. In this market, export prices are fixed weekly. In addition, Mr. Duc also exports bananas to other major markets such as Korea and Japan, with prices fixed annually. At times, the company earned up to 17 billion VND/day from bananas.

As of September 30, HAGL's total assets reached VND27,744 billion, up 25% compared to the beginning of the year. Liabilities also increased by 12% to VND14,460 billion. Total debt was at VND8,371 billion.

Source: https://dantri.com.vn/kinh-doanh/bau-duc-tiep-tuc-don-tin-vui-nho-cay-chuoi-20251021142555226.htm