On April 26, 2021, Can Tho Agricultural Technical Materials Joint Stock Company (TSC) held the 2021 Annual General Meeting of Shareholders (AGM) at the 5th floor – Times Tower – HACC1 Complex – No. 35 Le Van Luong – Thanh Xuan District – Hanoi.
The General Meeting approved the Report on production and business results in 2020 and business plan in 2021; 2020 audited financial statements; as well as other issues under the authority of the General Meeting of Shareholders.
2020 is the year that TSC continues to restructure the current industry in the direction of reducing the proportion of business activities that are no longer strengths, continuing to promote effective activities for the company and reaping very first achievements. Net revenue reached 460.1 billion VND, profit before tax reached 21.2 billion VND, 224.72% compared to 2019.
For the commercial business segment: Proceeding to narrow the agricultural business segment, minimizing risks. Only focus on investing in agricultural products that bring high profits and great competitiveness, such as tapioca starch.
In the field of FMCG, in 2021 TSC plans to allow FC to raise the ownership rate of Khanh Hoa Mineral Water Joint Stock Company to over 80%. Thanks to the right product and business strategy adjustment, focusing on mineral water and traditional products, Vikoda has made many strides in 2020, despite still being affected by the Covid 19 epidemic.Entering 2021 with the action slogan “FAST to WIN”, besides emphasizing on developing the consumption market of key products with high turnover and high efficiency, Vikoda will continue to research and improve models, product packaging, promote marketing activities, deepen market research, establish more effective promotional strategies. For FIT Cosmetics JSC, in 2020 the company has remained to focus on restructuring the sales team and product portfolio. The effect of these restructuring activities is expected to be clearly seen in 2021.
Food processing field: Western Export Food Processing Joint Stock Company – Westfood has invested in developing MD2 pineapple material area (MD2 pinapple) with the target of acquiring a new pineapple product line, which is more effective in both product quality and commercial value, meeting the increasingly diverse needs of the market and thereby increasing revenue and profit for the company.Currently, Westfood is gradually becoming self-sufficient in material areas with a plan to develop from hundreds of hectares to thousands of hectares in the next 2 years. In addition to the advantage of the raw material area, Westfood also focuses on investing in modern machinery, equipment, infrastructure, R & D activities, diversifying products, helping Westfood receive the trust and long-term cooperation from major partners in the world such as Korea, Japan, Europe, America … It can be said that, with the investment and clear strategic direction from the parent company FIT, Westfood is on the way of growing, commensurating with its inherent potentialIn 2021, TSC mantaining current production activities, ensuring service quality and brand value.
Retaining the goal of restructuring the current industry in the direction of reducing the proportion of business activities that are no longer strengths, continuing to promote effective activities for the company. Revenue reached 519.7 billion VND, profit before tax reached 46.4 billion VND, doubled compared to 2020.
