Dabaco profit down 46 pct in Q2

22/07/2021 11:04 4

Dabaco profit down 46 pct in Q2

Dabaco Group Joint Stock Company (Dabaco), a major food and animal feed producer, saw net profit drop by 46 percent year-on-year in the second quarter. -

Dabaco’s net profit stood at VND215 billion ($9.3 million) in the second quarter, the lowest quarterly level since the third quarter of 2019, according to its latest consolidated financial statements.

The Vietnam Industry and Trade Information Center under the Ministry of Industry and Trade said live-weight pork prices stood at VND56,000-57,000 per kilo in the northern region, and VND52,000-62,000 in the southern region on July 15, down around 50 percent against mid-July 2020.

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