Accordingly, MPC set a target of producing 60,000 tons of finished shrimp, expecting to earn 15,667 billion VND in revenue, while aiming for pre-tax profit of 1,091 billion VND and after-tax profit of 997 billion VND. This is quite an ambitious plan in the context of MPC's losses in the past two years.
In 2023, the company lost 105 billion VND, in 2024 it lost 190 billion VND. Therefore, what is the motivation for MPC to set a profit target of 997 billion VND in 2025, especially when the business context is full of challenges due to fluctuations in tariff policies like now is what investors are concerned about.
MPC's consolidated business results report for the first quarter of 2025 recorded a positive picture with a profit of VND 17.6 billion, an increase of 144% over the same period in 2024. MPC's revenue for the first quarter of 2025 reached VND 2,856 billion, an increase of 2.4% over the same period.
Explaining the growth in profits in the first quarter of 2025, MPC said that the production and business activities of the group's commercial shrimp farming and shrimp seed production companies are gradually improving, resulting in lower losses compared to the same period.
MPC said it will focus on completing a closed value chain, from breeding, farming, processing to exporting and distributing. The company will implement concentrated farming projects, including mangrove shrimp, extensive shrimp, high-tech super-intensive shrimp and rice shrimp, following a cooperative model with full infrastructure for water supply and drainage and technical services.
MPC will develop high-quality seed, a factor that determines over 60% of success in shrimp farming, and proposes to build a production area for black tiger shrimp and white-leg shrimp parents, which are adaptable, disease-resistant and grow quickly; a production area for high-quality shrimp seed; and a production area for larvae and algae as shrimp feed in Ninh Thuan province.
In parallel with the business objectives, the Board of Directors presented to shareholders a plan to issue 154,700 shares under the employee stock option program (ESOP), equivalent to 0.04% of outstanding shares. The fixed price of VND10,000 per share is considered a preferential treatment for employees, while the five-year transfer restriction mechanism both links the interests of employees with long-term growth and ensures shareholder stability.
The proceeds will be added to the charter capital, serving production and business needs and increasing working capital. If the issuance is successful, the total number of outstanding shares will increase from 400.93 million to 401.09 million, bringing the charter capital to VND4,010 billion.
Source: https://baovanhoa.vn/kinh-te/vua-tom-minh-phu-mpc-dat-muc-tieu-co-lai-997-ti-dong-trong-nam-2025-140037.html
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