Dairy producer posts consolidated profit of 2.11tr dong in H1

05-Aug-2011 Intellasia | HSX | 7:40 PM Print This Post

Vietnam Dairy Products Joint Stock Co (Vinamilk-coded VNM) has recently announced the consolidated business results in Q2 with 5.42 trillion dong net revenue, up 36 percent year-on-year.

The ratio of original costs on revenue increased from 65 percent to 59 percent, so its compounded profit increased only 26 percent to reach over 1.7 trillion dong.

VNM earned over 115 billion dong from finance activities in Q2, up 32 percent from last Q2 and its after tax profit was 1.107 trillion dong in Q2, up 19 percent on year with earnings per share (EPS) at 3,064 dong.

Totally in Jan-Jun, the dairy producer gained over 9.955 trillion dong revenue and 2.113 trillion dong after tax profit, rising 38 percent and 21 percent year-on-year. Previously, the holding company reported gaining over 2.09 trillion dong profit in the first six months of this year.

The parent company’s EPS reached 5,904 dong.

Ending the first second quarters of this year, Vinamilk fulfilled 49 percent of the year’s revenue plan and 59 percent of the year’s profit target.


Category: Business

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