According to the second-quarter performance review meeting of Dabaco Group (DBC), the company's revenue for the first six months is estimated at 12,537 billion VND, a 7% increase compared to the same period last year. After-tax profit increased 4.6 times, reaching 1,013 billion VND.
At the beginning of the year, Dabaco set a revenue target of 28,759 billion VND, an 18.5% increase compared to 2024, with an after-tax profit target of 1,007 billion VND, a 30.9% increase. After six months, the company has achieved nearly 43.6% of its revenue target and exceeded its profit target for the entire year by approximately 1%.
The management board attributes these results to stable operations and adherence to the sustainable development strategy of the 3F+ model (Feed - Farm - Food & Future). In addition, they have focused on research, innovation, and improving product quality and productivity, while also reviewing and reducing costs to lower production expenses. Dabaco also emphasized its focus on vaccine protocols and biosecurity measures, as well as market expansion.
In a recent report, KB Securities Vietnam (KBSV) noted that thanks to pig prices remaining at 68,000 VND per kg (for commercial pigs in northern Vietnam), DBC has achieved its annual plan in just six months. Meanwhile, Dabaco's commercial pig farming costs are estimated at 46,000-51,000 VND per kg. KBSV analysts quoted DBC's management as saying that pig prices could remain around 60,000 VND per kg during 2025-2026 due to the slow restocking process.
Given the favorable situation, the company is increasing its breeding sow herd, estimated at 58,000 at present.
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A Dabaco pig farm. Photo: DBC |
A Dabaco pig farm. Photo: DBC
Starting in the third quarter, Dabaco will begin construction of an animal feed factory in Ha Tinh and high-tech livestock farms in Quang Ninh, Quang Tri, Thanh Hoa, Thai Nguyen, and Lao Cai to develop integrated livestock farming, processing, and distribution complexes based on a modern, closed-loop model.
The company believes these projects will help it gradually become the largest industrial farm system in Vietnam, with the goal of increasing its total breeding sow herd to 80,000 (a 70% increase compared to the end of 2024) and over 2 million pigs for meat by 2028.
On the stock market, DBC shares have also recovered well in June after a period of stagnation. Closing on 1/7, the stock reached 34,700 VND per unit, a nearly 27% increase compared to the beginning of June.
Tat Dat
