Food producer KIDO Group (KDC) said it targets revenues of VNĐ10 trillion (US$438 million) this year. VNS Photo

HCM CITY — Food producer KIDO Group (KDC) said it targets revenues of VNĐ10 trillion (US$438 million) this year.

In a press release, the company said to achieve the goal it would develop its distribution system to expand the frozen and canned foods businesses.

It also plans to continue introducing new products, with the first quarter seeing the launch of new instant noodles, sauces, spices, sugar and some processed foods.

Last year KDC reported revenues of VNĐ7 trillion ($307 million), doubling that of the previous year.

Pofit after tax was VNĐ570 billion ($25 million), up 62 per cent.

It said it had undistributed earnings of over 2.4 trillion and 51 million treasury shares.

Last year the company invested a lot of money in expanding its distribution network and expected it to yield great results.

KIDO group was formerly the Kinh Đô Group, a confectionery producer established in 1993.

The company is now a leader in not only confectionery but also ice-cream, yoghurt, frozen food and cooking oil. — VNS

Tags Vietnam Kido Vietnam News news

FPT and DENSO sign MoU to accelerate software-defined vehicle innovation

bizhub

Sacombank wins nine awards from card organisations

bizhub

Work starts on $84.5-million glove manufacturing project in Nam Định

bizhub

Mega trading project starts construction in Đà Nẵng

bizhub

Samsung holds second corporate social responsibility day

bizhub

Growing wine market to be worth US$382 million

More on this story

bizhub

VNR targets 8% revenue growth in 2018

Vietnam Railways (VNR) has targeted a revenue growth of over eight per cent on last year’s figure of VNĐ8.17 trillion, Vũ Anh Minh, the corporation’s chairman, said on January 20.

bizhub

Sacombank reports 10-fold jump in profit

Sacombank announced a pre-tax profit of over VNĐ1.48 trillion (US$65.5 million) for last year, almost 10 times up from 2016.

bizhub

Work on $2.85m cake factory kicks off

Construction on a new cake factory, worth more than VNĐ65 billion (US$2.85 million) commenced on Saturday at Bình Dương Province’s Việt Nam-Singapore Industrial Park.

bizhub

VCA supervises slowing down of iPhones

The Việt Nam Competition Authority (VCA), under the Ministry of Industry and Trade, said it would supervise the slowing down of older iPhones taking into account the interest of Vietnamese customers.

bizhub

Uber names new leader for emerging markets

Ride-Hailing giant Uber appointed the company’s new general manager for Việt nam, Cambodia and Myanmar, with an aim towards enhancing its services in the three Asian countries.

bizhub

Hotels launched in Đà Nẵng

The Empire Group has launched Pulse hotel in the chain of Boutique Hotels Cocobay including Pulse, Latido, Muze and Bisou hotels, adding more than 1,100 rooms to hospitality market of Đà Nẵng in 2018.

bizhub

Securities company SSI sees surging growth

Saigon Securities Inc. (SSI) reported pre-tax profits of VNĐ380.8 billion (US$ 16.7 million) on revenues of VNĐ1.018 trillion ($44.8 million) in the fourth quarter of last year, up 344.7 per cent and 66.8 per cent year-on-year.

bizhub

FWD launches new office in central VN

FWD Việt Nam Life Insurance Company(FWD) has officially launched its new representative office in the central city – the third of its kind after Hà Nội and HCM City – to provide better service to the market in central Việt Nam.