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FMC - NON-RATED - Shrimp exporter with dividend yield of 6.4% - Company Brief

Company Research

04 Feb 2015

Shrimp producer posts strong FY14 with revenue +32% and NPAT +78% vs. FY13 driven by higher shrimp export price (+10%) and volume (+20%). Potentiality of TPP Agreement and EU FTA provides catalysts for higher export value and less tariff impose on FMC. New shrimp processing plant removing the bottleneck in capacity by 20% incremental processing capacity, and supporting higher export target.
Tags: FMC

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