Accordingly, the Group's third-quarter consolidated net revenue reached VND3,585 billion, up 40% over the same period last year. Meanwhile, profit before tax and profit after tax grew strongly, respectively 127% and 94% compared to the third quarter of 2021.
According to the PAN Group, the Group's high growth in the third quarter came from the agro-pharmaceuticals and sterilization segments (up 84% in revenue and 52% in profit before tax) due to the contribution from the strategic cooperation with Syngenta. .
Shrimp processing line at a processing plant of Sao Ta Food Joint Stock Company (under PAN Group).
Besides, the confectionery segment (increased 3 times in revenue and achieved a profit of 27 billion VND, while the third quarter of 2021 suffered a loss).
The Group's shrimp export business grew 11% in revenue but increased approximately 48% in pre-tax profit due to benefiting from high-priced sales contracts signed since the beginning of 2022.
At the same time, the pangasius and clam segment grew more than 2 times in revenue and nearly 13 times in profit before tax.
The remarkable point in the third quarter business results of the PAN Group is that the consolidated gross profit margin reached 18.5%, recovering quite strongly from 13.5% in 2021.
This marked a clear recovery of the Group in the third quarter when the main business segments achieved high gross profit margin: plant varieties (34%); agro-pharmaceuticals (23%); confectionery (27%); tra fish and traditional fish sauce (approximately 20%); Besides, the shrimp segment achieved a profit margin of approximately 12%, a very high level in the export processing shrimp industry .
Regarding the structure of revenue and profit by business sector, the fishery segment in the third quarter contributed 52%, the agriculture segment contributed about 31%; food segment about 17% of consolidated net sales.
Meanwhile, in terms of profit after tax for shareholders of the parent company, the two segments of agriculture and fisheries contributed the highest with 32 billion and 33 billion dong, respectively.
In general, in the third quarter of 2022, PAN's agriculture and fishery business maintained a good growth momentum from the first and second quarters and recorded a clear recovery from the confectionery business in the third quarter when taking advantage of increased in demand during the Mid-Autumn Festival.
Generally in the first 9 months of the year, the consolidated net revenue of PAN Group reached VND 9,756 billion, up 52%; parent company's profit after tax reached 232 billion dong, up 91% over the same period in 2021.
Thus, after 9 months, PAN has completed 69% of the revenue plan and 65% of the year profit plan. In the fourth quarter, the business focus of agro-pharmaceuticals, plant varieties, confectionery...
The Group is expected to complete the business plan in 2022 (VND 14,300 billion in revenue and VND 355 billion in profit after tax of parent company shareholders).
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