Vietnamese agriculture giant enjoys fruitful year
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The fruit sales of VND2.9 trillion ($125.05 million) accounted for 54 percent of the corporation’s revenue, according to Hoang Anh Gia Lai JSC’s (stock code: HAG) consolidated financial statements for 2018.
Other agricultural products like chilli and pepper also contributed VND550 billion ($23.71 million) in revenues.
Meanwhile, revenues from cattle raising fell 83 percent to VND126 billion ($5.43 million); and that from rubber plantations fell 24 percent to VND345 billion ($14.87 million).
The corporation recorded VND5.4 trillion ($232.83 million) in total sales last year, an increase of 11 percent over the previous year.
Last year, HAG’s subsidiary Hoang Anh Gia Lai Agriculture JSC (HAGL Agrico) invested VND976 billion ($42 million) in 5,300 hectares of land in Cambodia to grow bananas for export to China in response to rapidly rising demand.
HAGL used to be a leading property developer in Vietnam, but restructured itself in 2010 to focus on agriculture, rubber and livestock farming.
Questions & Answers
Q.Which product category generated the most revenue for Hoang Anh Gia Lai JSC in 2018?
Which product category generated the most revenue for Hoang Anh Gia Lai JSC in 2018?
Fruit sales contributed the largest share, accounting for 54 percent of the corporation’s total revenue. This amounted to VND2.9 trillion ($125.05 million) during the year.
Q.How much did revenues from cattle raising decrease by in the last year?
How much did revenues from cattle raising decrease by in the last year?
Revenues from cattle raising saw a significant decline of 83 percent. The total revenue generated from this segment was VND126 billion ($5.43 million).
Q.What was the total revenue for Hoang Anh Gia Lai JSC in 2018, and how did it compare to the previous year?
What was the total revenue for Hoang Anh Gia Lai JSC in 2018, and how did it compare to the previous year?
The corporation recorded total sales of VND5.4 trillion ($232.83 million) in 2018. This figure represents an increase of 11 percent compared to their revenue from the previous year.
Q.Where did HAGL Agrico invest in new land for banana cultivation, and for which market?
Where did HAGL Agrico invest in new land for banana cultivation, and for which market?
HAGL Agrico invested VND976 billion ($42 million) in 5,300 hectares of land located in Cambodia. This investment was made specifically to grow bananas for export to the Chinese market.
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