Monday, November 20 2017

VietNamNews

Vinamilk expects its Q3 revenue at $591 million

Update: October, 11/2017 - 09:21
Việt Nam’s largest dairy producer Vinamilk (HOSE: VNM) has estimated its third-quarter revenue at VNĐ13.3 trillion (US$591 million).– Photo tuoitre.vn

HCM CITY – Việt Nam’s largest dairy producer Vinamilk (HOSE: VNM) has estimated its third-quarter revenue at VNĐ13.3 trillion (US$591 million).

The figure represents an increase of 8.4 per cent over the same period last year.

The company also forecast pre-tax profit to rise 5.66 per cent to VNĐ3.2 trillion and post-tax profit to rise 5.46 per cent to VNĐ2.69 trillion.

In the past three quarters, Vinamilk estimates VNĐ38.75 trillion in revenue and VNĐ8.54 trillion in post-tax profit, a year-on-year increase of 10.34 per cent and 13.6 per cent, respectively.

The largest dairy producer targets to hit VNĐ51 trillion in revenue and VNĐ9.73 trillion in post-tax profit for 2017.

The nine-month performance would help Vinamilk complete 76 per cent and 88 per cent of its targeted figures for 2017.

According to Viet Dragon Securities Company (VDSC), Vinamilk could earn VNĐ11 trillion in post-tax profit.

Shares of Vinamilk (VNM) closed Tuesday down 0.3 per cent at VNĐ148,500 per share. – VNS

 

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