An Phu Linh Company Limited (Vietnam)

The subject specializes in trading agricultural products, including soybean, flaxseed, rapeseed, corn, and rice, …, which are used in the fields of food processing and animal feed production. As a revelation from the Chief Accountant, about 75%-80% of its turnovers come from agricultural product trading, and the rest is from leasing and construction of steel sheet piles. Agricultural products (mainly soybean) are directly imported from the USA and Canada, then supplied to domestic customers. The company does not have export activities now.Besides trade and construction activities, the subject has participated in investing in two associated companies, namely AN PHU LINH INVESTMENT CONSTRUCTION JOINT STOCK COMPANY (21%) and AN PHU HOA JOINT STOCK COMPANY (30%). However, it has recently withdrawn all of its capital from AN PHU HOA JOINT STOCK COMPANY, said the Chief Accountant. Therefore, the long-term investment is expected to clearly decrease this year.Because of the economic recession's impact, business activity has been quite slow recently. Last year, net sales decreased by 16.99%, generating an accounting loss. This year, the operation has slightly improved. According to the Chief Accountant, the turnover for the first half of this year is estimated to attain VND 350 billion, a slight improvement over the same period last year.