Friday , November 29 2024

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Seafood exporter Minh Phu suffers $4.1M loss in Q1

Seafood exporter Minh Phu suffers $4.1M loss in Q1

Minh Phu Seafood, one of the country’s biggest shrimp processors, reported a loss of VND95 billion ($4.1 million) in the first quarter, ending its seven-year streak of profitability. Its revenues fell by half year-on-year to VND2.1 trillion. The gross profit margin almost halved from over 11% to less than 6%, …

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Indonesia Q1 GDP beats forecasts on consumer, govt spending

Indonesia Q1 GDP beats forecasts on consumer, govt spending

Indonesia’s economic growth held steady in the first quarter, as improving consumption and government spending offset a slowdown in exports and investment in Southeast Asia’s largest economy. Gross domestic product (GDP) expanded 5.03% in the January to March quarter from a year earlier, data from Statistics Indonesia showed on Friday. …

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