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Sao Ta Foods posts $27.5 million in earnings

Update: June, 09/2012 - 07:22

HCM CITY — Sao Ta Foods Co (FMC) posted a total revenue of US$27.5 million in the first five months of this year, up 5 per cent from the same period last year, The May revenue reached $5.5 million.

According to the company, the input costs (energy, raw materials, wages) are currently high, while the reduced global retail prices and unfavourable exchange rates cause many difficulties for the shrimp processing enterprises.-VNS

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