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VietNamNews

Habeco eyes $365m revenue in 2018

Update: January, 11/2018 - 16:55
A Habeco’s beer production line. - Photo bizlive.vn
Viet Nam News

HÀ NỘI — The Hà Nội Beer Alcohol and Beverage JSC (Habeco) has set a target of earning VNĐ8.3 trillion (US$365 million) in revenue in 2018, up 6.7 per cent year on year.

In 2018, Habeco is also looking at earning VNĐ955.4 billion ($42 million) in pre-tax profit, 0.3 per cent higher than last year, the company’s Director General Ngô Quế Lâm announced at a conference to review the firm’s performance last year and outline tasks for this year on Wednesday.

Habeco, which is currently the largest beer producer in the North and the third-largest beer company in Việt Nam, will also contribute an estimated VNĐ5.37 trillion to the State budget.

To this end, the company plans to draw up appropriate measures to balance production and consumption and avoid inventory, besides improving the quality of its products and developing new products.

Last year, the company posted approximately VNĐ7.8 trillion in revenue and paid more than VNĐ4.8 billion into the State coffer.

Headquartered in Hà Nội, Habeco owns 17 subsidiaries and six affiliated companies, with total production capacity of more than 800 million litres of beer per year.

The company will start trading with code BHN on the HCM Stock Exchange (HOSE) on January 19, a move that Habeco hopes will improve its reputation and draw more investments. — VNS

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