Vinamilk reports 1.2t dong profit in Jan-Nov

Vietnam’s national dairy producer-Vinamilk (coded VNM) recently reported its business results in January-November with 7.773 trillion dong in total revenue, achieving 94.8% of the year’s plan, 1.329 trillion dong in pre tax profit, 100.2% of the year’s target of 1.326 trillion dong and 1.2 trillion dong in after tax profit, exceeding 5.3% of the year’s goal of 1.14 trillion dong.

Earlier on November 11, Vinamilk received permission from Singapore Stock Exchange (SGX-ST) to list 8,763,784 ordinary shares on the SGX-ST’s main stock exchange.

However, according to Vinamilk, currently the world stock market is volatile and the company’s board of directors has decided to wait for a more favourable time to issue and list these shares.

Closing the trading session on December 12, VNM-coded shares ended at 81,500 dong per share, decreasing 26.57% from the start of September with the current market capitalisation value of 14.285 trillion dong.

 

Category: Business