Business News

  • Vinamilk eyes US$2.26 billion revenues in 2017

  • Tuesday, 4/18/2017

  • AsemconnectVietnam - The Vietnam Dairy Products Joint-Stock Company (Vinamilk) projects a total revenue of VND51 trillion (US$2.26 billion) in 2017, an increase of 8 percent from the previous year.

  • It targets a post-tax profit of 9.97 trillion VND (US$438.6 million), a year-on-year rise of 4 percent and a post-tax dividend for 2017’s business performance at the lowest rate of 50 percent (or VND5,000 per share), General Director Mai Kieu Lien said at the company’s annual share holders’ meeting on April 15.

    At the meeting, Lien revealed that her company sets a goal of US$3.52 billion in total revenue in 2021, including US$866 million from overseas markets. 

    Its average yearly growth rate in the domestic market is projected at 10 percent, and the revenue from the domestic market is predicted at US$2.68 billion.

    According to her, Vinamilk is ready for its strategic development by 2021. The company will continue studying and developing products to maintain similar growth, while cooperating with overseas partners and expanding its operation in other markets, such as the US and New Zealand, to ensure a sufficient source of input materials.

    In the first quarter of 2017, Vinamilk recorded a yearly rise of 16.1 percent in revenue and 34 percent in post-tax profit compared to the same period last year.

    Source: vov.vn

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