Vinamilk expects its Q3 revenue at US$591 million
Wednesday, October 11,2017
AsemconnectVietnam - Vietnam’s largest dairy producer Vinamilk (HOSE: VNM) has estimated its third-quarter revenue at VND13.3 trillion (US$591 million).
The figure represents an increase of 8.4% over the same period last year.
The company also forecast pre-tax profit to rise 5.66% to VND3.2 trillion and post-tax profit to rise 5.46% to VND2.69 trillion.
In the past three quarters, Vinamilk estimates VND38.75 trillion in revenue and VND8.54 trillion in post-tax profit, a year-on-year increase of 10.34% and 13.6%, respectively.
The largest dairy producer targets to hit VND51 trillion in revenue and VND9.73 trillion in post-tax profit for 2017.
The nine-month performance would help Vinamilk complete 76% and 88 percent of its targeted figures for 2017.
According to Viet Dragon Securities Company (VDSC), Vinamilk could earn VND11 trillion in post-tax profit.
Shares of Vinamilk (VNM) closed October 10 down 0.3% at VND148,500 per share.
Source: Vov.vn
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