On July 09, 2021, Ca Mau Petroleum Fertilizer Joint Stock Company (PVCFC, HOSE: DCM) cooperated with Ho Chi Minh Securities Corporation (HSC) to organize a meeting with domestic and foreign investors to improve connectivity as well as promptly provide accurate and transparent information on business and production situation of the company. Amid the increasingly complicated covid-19 pandemic situation, the meeting was held online in compliance with Directive 16.

At the meeting, General Director Van Tien Thanh informed investors of the business and production results of the Company in the first 6 months of the year and evaluated the market, trends, and business goals for the remaining months of 2021.


The first half of 2021 is considered an "unprecedented" year in the last 10 years, with the prices of general and urea fertilizer products experiencing a sudden increment and being difficult to control. In the first half of 2021, plant operation was interrupted due to the influence of natural gas supply, but with the outstanding efforts and professional experience of the operation team, the company quickly overcame and ensured production output as planned. The plant's operating capacity in the second quarter was over 110%, enough to make up for the shortfall in the first quarter and ensure ample supply for the domestic market. It is especially noteworthy that the diversified Ca Mau fertilizer products were able to promptly make their way to local farmers for the Summer-Autumn crop in the Mekong Delta.

Concluding the first half of the year, the company's total production reached 456,000 tons (fulfilled 102% of the plan). Consumption volume reached 421 thousand tons (106% of the plan). Good business results helped PVCFC achieve revenue of approximately VND 4,339 billion VND (108% of the plan), coupled with effective cost-saving activities helped the company earn pre-tax profit of approximately VND 411 billion, an increase of about 8% over the same period last year. In addition to such financial results, as outlined in the long-term strategy, Ca Mau Fertilizer also sets out more challenging goals, promptly applies technological trends used in administration to expand business, marketing and development of new products, reducing reliance on input gas sources for production, gradually increases the production of organic fertilizer products and supports end-consumers with long-term programs, etc.


At the meeting, DCM management had a frank and open discussion about the partnership strategy, shareholder policy, and issues that garnered the attention of investors and the press, such as fertilizer prices trend in the coming time (taking into account overheated growth in domestic and international markets), the impact of oil prices, the roadmap for Petrovietnam’s divestment in the enterprise, etc.

Through the meeting, investors are informed of the company's performance in such a challenging year and gained insight into the company’s potential and internal strength behind its decisions.

“This agenda is considered a good sign to the parties understand what resources are available and open up opportunities for partnership and cooperation in the near future. Facing the current series of challenges, we are focusing more and more on strengthening our internal resources, constantly advocating for stable and sustainable development", General Director Van Tien Thanh said and expressed gratitude towards investors for participating in the meeting, with special mention to HSC as the glue that connects the parties. We hope everyone is staying healthy and safe during the pandemic season, and together with the community, we will overcome Covid-19.