Vinamilk posts record high net revenue in Q2 2021

August 02, 2021 - 08:28

The Vietnam Dairy Products JSC – Vinamilk, the largest dairy company in Việt Nam, posted a record high in net revenue of VNĐ15.71 trillion (US$682.57 million) in the second quarter of 2021, a year-on-year rise of 1.4 per cent, according to its financial report.

A production line of Vinamilk. — VNA/VNS Photo

HÀ NỘI — The Vietnam Dairy Products JSC – Vinamilk, the largest dairy company in Việt Nam, posted a record high in net revenue of VNĐ15.71 trillion (US$682.57 million) in the second quarter of 2021, a year-on-year rise of 1.4 per cent, according to its financial report.

The figure also rose by 19.2 per cent compared to the previous quarter.

The company’s after-tax profit exceeded VNĐ2.86 trillion in the period, a year-on-year decline of 7 per cent but up 10 per cent against Q1.

It raked in VNĐ13.25 trillion in net revenue in the domestic market, surging 18.5 per cent against the previous quarter.

A report by Kantar WorldPanel showed that Vinamilk maintained its lead as the most-favoured dairy brand in Việt Nam in 2020 and ranked first in the sale of fast-moving consumer goods for the fourth consecutive year.

In Q2 2021, the dairy firm launched its Vinamilk Green Farm system in the provinces of Tây Ninh, Quảng Ngãi and Thanh Hóa.

Its affiliate Mộc Châu Milk earned VNĐ790 billion in net revenue, up 7.6 per cent against the same period last year and fulfilling 56 per cent of its yearly target.

Vinamilk posted a net revenue of nearly VNĐ1.61 trillion in exports, a year-on-year increase of 17.2 per cent.

The Middle East continues to be its largest export market, along with others of the US and China. — VNS

Trà Vinh helps businesses increase trade, exploit FTAs

Economy

Việt Nam promotes coconut exports, enhances industry value

Economy

Catalysing Việt Nam's green future: EU's role in Cần Thơ, Trà Vinh's energy transition

Economy

Transition to sustainability an urgent task: policymakers

Economy

Việt Nam needs $14 billion to develop EV charging stations

Economy

Incentive mechanisms needed for semiconductor industry: PM

More on this story

Economy

PM approves reduction in power bills for people impacted by Directive 16

The Prime Minister has approved the Ministry of Industry and Trade (MoIT)’s proposal to cut power bills for households for two months in provinces and cities applying social distancing, the ministry announced on Saturday.

Economy

HCM City focuses on helping locals buy produce

HCM City has been working on a number of solutions to ensure its populace can access the abundance of essential goods available in other provinces amid the strict social distancing in place.

Economy

Agricultural production and circulation must be maintained during social distancing

Amid strict social distancing across the country, the head of the agriculture industry told all localities to help facilitate both agricultural production and the trading and circulation of products and not to disrupt the supply in the near future.

Economy

Share to keep positive trend on rising liquidity

Shares to move positively this week on significant growth of both scores and liquidity, brokerages said.

Economy

COVID-19-hit businesses seek more support from gov't as production slows

Many businesses in HCM City are at risk of losing market share if suspension of operations due to the COVID-19 outbreak continues.

Economy

Sacombank makes $73.4m profits from selling treasury stocks

Sacombank sold out all 81.56 million treasury shares (equivalent to 4.33 per cent of its charter capital) on the stock market on July 27 for more than VNĐ2.438 trillion (US$106.2 million), earning a profit of VNĐ1.684 trillion ($73.4 million).

Economy

Masan net revenues up 16.4% in H1

Masan Group Corporation’s revenues increased by 16.4 per cent year-on-year in the first half to VNĐ41.2 trillion (US$1.79 billion), primarily due to double-digit organic topline growth in the branded consumer and meat businesses, 1.7 per cent growth in modern retail in the second quarter and 137.6 per cent growth at Masan High-Tech Materials due to consolidation of H.C. Starck and higher commodity prices.