Vietnam Dairy Products Joint Stock Co (Vinamilk – coded VNM) announced to reach Q3 profit after tax of over 730 billion dong, an increase of 37.6 percent against the previous quarter. The company’s accumulative profit after tax in the first nine months of this year was estimated at nearly 1.776 trillion dong, surpassing 6.3 percent of the year plan.
According to the company’s Q3 combined financial report, Vinamilk reported to earn revenue of 3.054 trillion dong, in which the net revenue was 2.997 trillion dong, increasing by 12 percent in comparison with the previous quarter; the profit from sales activities reached 839.5 billion dong, up by 50 percent and profit after tax of 730.3 billion dong, a hike of 37.6 percent.
The company gained total progressive revenue in Jan-Sep of 7.892 trillion dong, equal to 85.6 percent of the year plan, with after tax profit of about 1.776 trillion dong and EPS of 10,120 dong per share.
In addition, Vinamilk’s total asset value was posted at 7.491 trillion dong, hiking by 25.5 percent against that of the beginning of this year, in which there was a sharp increase in short-term financial investment by 1.538 trillion dong and long-term financial investment of 326 billion dong.
In 2009, the company aims to reach 9.22 trillion dong in revenue and 1.67 trillion dong in pre-tax profit.