"Pig farming tycoon" in Bac Ninh exceeds annual plan after 6 months

(Dan Tri) - Dabaco said that after-tax profit in the first 6 months reached 101% of the yearly plan, equivalent to about 1,017 billion VND.

Dabaco Group Joint Stock Company (Dabaco - stock code: DBC) has just announced its business results for the second quarter of this year.

The company's leaders said that business operations were stable and outstanding despite the volatile market environment, the prolonged Russia-Ukraine conflict, escalating military tensions in the Middle East between Iran and Israel, the US unilaterally imposing new tariffs, unpredictable fluctuations in input material prices, along with inflation risks and tight monetary policies in many countries.

Accordingly, in just the past 6 months, this enterprise is expected to complete 101% of the profit plan for the whole year 2025, 4.6 times higher than the same period in 2024. Revenue for the first 6 months reached 12,537 billion VND, an increase of 7.3% over the same period in 2024.

At the beginning of the year, Dabaco set a revenue plan of VND28,759 billion, an increase of 18.5% compared to 2024. The target profit after tax is VND1,007 billion, an increase of 30.9% compared to 2024.

In 2024, the company's net revenue reached nearly VND 13,574 billion, an increase of 22%; after-tax profit reached VND 769 billion, nearly 31 times higher than the previous year. Net revenue in the first quarter reached VND 3,609 billion, an increase of 11% over the same period last year. After-tax profit reached VND 508 billion, 7 times higher than the same period.

The company explained that the reason for the growth was that the epidemic situation in livestock and poultry herds was under control, and that farmers and the company itself had stepped up herd restoration. The price of live pigs in the first quarter of the year was higher than the same period last year, boosting profits. In addition, some areas in the group also improved well, such as the vegetable oil segment, helping profits increase sharply.

Source: https://dantri.com.vn/kinh-doanh/dai-gia-nuoi-lon-tai-bac-ninh-vuot-ke-hoach-ca-nam-sau-6-thang-20250702144231288.htm