Can Tho Techno – Agricultural Supplying Joint Stock Company (TSC), a member company of F.I.T Group, has just announced its consolidated business results in Quarter IV/2022 and accumulated results for the whole year 2022 with revenue of VND 912 billion.
In 2022, TSC experienced an outstanding growth in revenue, of which net revenue was recorded at VND 898 billion, an increase of VND 380 billion, corresponding to an increase of 73% compared to 2021. Gross profit also increased sharply with VND 175 billion, equivalent to an increase of 76% compared to 2021. The company’s total assets also increased from VND 2,303 billion in 2021 to VND 2,631 billion in 2022.
That TSC’s net revenue, gross profit, and gross profit margin in the last 4 years (2019 – 2022) have continuously improved shows that the efficiency of business activities is tending to grow.
TSC’s business results from 2019 to 2022
2022 was determined by TSC as a year to continue completing the restructuring process at member companies to ensure service quality and brand value and create momentum to enter a period of high growth with many key projects.
Regarding commercial business: Realizing that the agricultural market still has a lot of potential, TSC has expanded its portfolio of commercial agricultural products that bring high profits with great competitiveness.
In the field of FMCG: TSC has achieved many encouraging results in the field of drinking water and cosmetics.
Specifically, for the drinking water industry, TSC has focused resources on Khanh Hoa Mineral Water Joint Stock Company, in which the main brand is Vikoda natural alkaline mineral water brand. The results show that in 2022, Vikoda brand was widely recognized and engraved in the minds of international and domestic consumers to strongly inspire to enjoy life with outstanding health care products. Modern sales channels reached 80% coverage, while the revenue recorded an increase of 300% over the same period, especially the 5-star resort channel that doubled sales compared to before.
In the cosmetic chemistry industry: Under the strategy to create products that are non-toxic to humans and less detergents that pollute the environment, TSC made significant changes in the past year with its member company FIT Cosmetics. FIT Cosmetics showned its efforts when the company’s growth in 2022 reached 33% over the same period, and key brands such as DrKool and TERO all grew over 44% compared to 2021. The company researched and developed many quality products aimed at consumers such as Dr.Clean Family Shower Detergent, Dr.Kool Well-Matched Toothbrush, Dark Pro, Clownfish …
In the field of food processing: In 2022, Western Export Food Processing Joint Stock Company – Westfood constantly connected and expanded export markets to lay solid foundations to make the company become Vietnam’s tropical fruit ambassador in the international arena. To meet the increasing market demand, Westfood is currently investing and expanding the raw material area project from hundreds to thousands of hectares in the near future. In addition, the company also invests and builds the Westfood Hau Giang factory project under European standards in the center of the raw material area of the Mekong Delta with a total land area of 70,000m2 and total initial investment cost estimated at VND 500 billion. After completing this project, it will become the largest agricultural processing factory in Hau Giang province, helping Westfood create many new product lines with high quality standards in addition to existing products.
With the strategic consultation and investment from F.I.T Group, TSC promises to have more resources to conquer the market in business segments and continue to rise and develop sustainably in the future.
