Key among these achievements was the successful launch and operation of new projects. — Vietnam News
HANOI: Dabaco Group, a company that originated as a small state-owned enterprise, witnessed a surge of nearly 3,000% in profits in 2024.
Recent assessments by the Dabaco Group board of directors highlighted the company’s robust performance in 2024 despite facing numerous challenges.
Key among these achievements was the successful launch and operation of new projects, notably the Dabaco Thanh Hoa high-tech livestock farm, renowned for its superior breeding quality and high reproductive productivity.
The company has maintained remarkably low pig farming costs, estimated at around 48,000 to 50,000 dong per kg, positioning it as one of the most cost-effective producers in the industry.
It has also made significant strides with approved projects such as the vegetable oil plant (phase 2) with a capacity of 1,000 tonnes per day, the H2 route, and the successful construction and certification of Good Manufacturing Practice-World Health Organisation for the Dabavet Vaccine Plant.
A preliminary evaluation of the conglomerate’s business operations revealed a consolidated profit before tax of 857 billion dong, while its profit after tax is expected to exceed the planned target by 5.5%.
In 2024, Dabaco aimed for a profit after tax of nearly 730 billion dong, an impressive 29-fold increase over the results of 2023.
By surpassing the target by 5.5%, the estimated profit after tax for the company in 2024 is 770 billion dong, reflecting a remarkable 2,980% surge compared to the previous year.
This substantial growth trajectory underscores the company’s evolution from its modest beginnings in 1966 to its current status as a diversified conglomerate operating across multiple industries.
Transitioning into a joint-stock company in 2005 marked a pivotal moment for Dabaco Group. — Viet Nam News/ANN
