Agro Agriculture Joint Stock Company (Vietnam)

Established in the middle of 2018, AGRO AGRICULTURE JOINT STOCK COMPANY is engaged in trading agricultural products used as raw material for manufacturing animal feed such as maize, rice, soya beans, turnip, etc. The subject imports agricultural products from many countries in the world such as India (mainly), China, South America, the USA, Pakistan, etc, and then supplies to the domestic market. As shared by a female staff of the subject, the net revenue in 2023 was around VND 1000 billion.According to the financial data, due to the high level of the costs of goods sold, the gross profit was not enough to cover the operating and financial expenses. As a result, it marked a loss after tax of VND 6 billion in 2022. In terms of asset structure, the company seemed to expand its scale as it raised its total assets from VND 175 billion in 2021 to VND 237 billion in 2022, mainly from short-term assets accounting for the majority of total assets. To finance its operations, the subject considerably borrowed short-term loans. Besides, it was noticeable that the item of other payables was fairly high with over VND 100 billion in 2022, which was possibly the internal loans inside the company. The subject did not gain much benefit from the trade credit with its suppliers.