Vissan aims high for pre-tax profit
Tuesday, April 17,2018
AsemconnectVietnam - Riding on the better-than-expected performance last year, Vissan, a leader in meat processing in the country, has set a target of making VND179 billion in pre-tax profit.
The HCMC-based firm attained VND165 billion pre-tax profit last year, way above the VND156 billion target.
Nguyen Ngoc An, general director of Vissan, said at the firm’s general meeting on April 11 that Vissan would be able to make VND4.6 trillion in revenue, up 18% year-on-year, and VND179 billion in pre-tax profit, up 8% against last year.
The company will expand outlets, convenience stores and other sales channels. An said Vissan will have five more stores selling fresh products, develop mobile sale platforms, restore sales at traditional wet markets and gain a bigger market share for processed food in the countryside.
The company plans to set up a livestock farm in Binh Duong Province to boost supply.
A report released at the general meeting showed that in 2017 Vissan’s total sales revenue amounted to some VND3.9 trillion, making up just 86% of the plan. Its post-tax profit was about VND130 billion, up 143% against 2016.
The dividend was 7% in 2017, equivalent to over VND56.6 billion.
Source: Thesaigontimes.vn
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