Agriculture giant Hoang Anh Gia Lai sold fruit worth $125.05 million in 2018, a year-on-year increase of 80 percent.
The fruit sales of VND2.9 trillion ($125.05 million) accounted for 54 percent of the corporation’s revenue, according to Hoang Anh Gia Lai JSC’s (stock code: HAG) consolidated financial statements for 2018.
HAGL's bananas displayed on supermarket shelves.
Other agricultural products like chilli and pepper also contributed VND550 billion ($23.71 million) in revenues.
Meanwhile, revenues from cattle raising fell 83 percent to VND126 billion ($5.43 million); and that from rubber plantations fell 24 percent to VND345 billion ($14.87 million).
The corporation recorded VND5.4 trillion ($232.83 million) in total sales last year, an increase of 11 percent over the previous year.
Last year, HAG’s subsidiary Hoang Anh Gia Lai Agriculture JSC (HAGL Agrico) invested VND976 billion ($42 million) in 5,300 hectares of land in Cambodia to grow bananas for export to China in response to rapidly rising demand.
HAGL used to be a leading property developer in Vietnam, but restructured itself in 2010 to focus on agriculture, rubber and livestock farming.
Luc Ngan’s Fruit Fair to take place from 24 to 29 November
(BGO)-The People's Committee of Luc Ngan district and the provincial Department of Information and Communication of Bac Giang province jointly held a press conference on the organization of the Luc Ngan fair of orange, pomelo and local signature products 2018 on November 14. The conference drew the attendance of many journalists and reporters from central and provincial press agencies.
Luc Ngan fruit fair scheduled on November 24 – 29
(BGO) – The Luc Ngan fair of orange, pomelo and local signature products will take place from November 24 – 29 at the Center Square in Chu town (Luc Ngan district, Bac Giang province), according to the representative of the district People’s Committee.