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KDC sees growth in pre-tax profit

Update: May, 20/2014 - 09:04
For 2014, KInh Do targets sales of VND5.1 trillion ($243 million) and pre-tax profit of VND660 billion ($31 million). — File Photo

HCM CITY (VNS)— Kinh Do Corporation (KDC) reports that its pre-tax profits increased 5.5 per cent in the first quarter of the year.

Net sales fell slightly by 1.7 per cent year-on-year, and the gross profit margin for the first quarter fell from 37.9 per cent in 2013 to 35.8 per cent in 2014.

The company continues to focus on improving operational efficiency and management, and plans to pursue a merger and acquisition strategy to broaden its product base.

For 2014, it targets sales of VND5.1 trillion ($243 million) and pre-tax profit of VND660 billion ($31 million). — VNS


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