Incomfish enlarges business scope

Wednesday, May 7, 2008
Investment Commerce Fisheries Joint Stock Corp (Incomfish-coded ICF) yesterday May 5 announced that this year it plans to invest 250 billion dong in Tan Thanh industrial complex in the southern province of Dong Nai covering on an area of 100 hectares, another 48 billion dong in Linh Xuan realty project to build three-start hotel and trade centre in Thu Duc District in HCM City and 42.6 billion dong in Saga Service Trade and Production Ltd Co to join realty projects in HCM City.

Recently, Incomfish also invested 66.24 billion dong in Asia Fisheries Commerce Joint Stock Co to build a frozen fishery factory in the southern province of Dong Thap and contributed capital to set up Incomfish Co in the US and Europe with the total investment capital of US$1.8 million.

Last year, the company made a revenue of 326 billion dong, 21.15 billion dong from after tax profit. This year, Incomfish target to bring the figures to 535 billion dong and 33 billion dong respectively.