HAGL triples profits from full-year 2021

By Anh Tu   June 20, 2022 | 07:12 pm PT
HAGL triples profits from full-year 2021
Workers process fresh bananas at a facility of Hoang Anh Gia Lai Group, February 2020. Photo by HAG
Hoang Anh Gia Lai reported post-tax profits of VND431 billion ($18.5 million) for the first five months, triple the full-year figure for 2021.

In a letter it sent recently to shareholders, the agricultural firm said revenues had topped VND1.47 trillion, half of them (VND866 billion) from fruit sales.

It exported over 62,000 tons of bananas and another 10,300 tons to be used to make animal feed.

HAGL owns around 10,000 hectares of orchards in Vietnam, Laos and Cambodia.

It earned VND326 billion from selling pigs.

It has nine farms with a capacity of breeding over 600,000 pigs a year.

This year it eyes VND1.12 trillion in profits on revenues of VND4.82 trillion, the highest since 2015.

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