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Vietnamese pangasius firm’s Q4 profits drop 38% on shipping costs

Navico's full-year profits after tax were also down 37% at VND 127.9 billion, or $5.6m, while Q4 also saw construction commence on its collagen and peptide plant

By Neil Ramsden | Jan. 26, 2022 09:31 GMT
Groundbreaking at Navico's new collagen and peptide plant in Can Tho
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Vietnamese pangasius firm Nam Viet Joint Stock Company (Navico) saw its fourth-quarter profits undermined by the increase in freight rates that has hit many in the seafood sector [...]

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