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Freight rates eat into Minh Phu’s profits in Q4

The Vietnamese shrimp company saw revenues lift 7.6%, but the spiking costs of shipping meant profit after tax fell by almost 11%

By Undercurrent News | Jan. 24, 2022 10:15 GMT
Minh Phu shrimp on display at Vietfish 2018
Minh Phu shrimp on display at Vietfish 2018. Credit: Neil Ramsden
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Vietnamese shrimp processor and exporter Minh Phu Seafood saw a spike in the cost of freight rates eat into its profits in the fourth quarter of 2021, reports VietnamBiz [...]

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