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| Chilli sauce producer Cholimex Food Joint Stock Company reaches the net revenue of over VND1 trillion (US$46.9 million) for 2014.— Photo |
HA NOI (Biz Hub) — Chilli sauce producer Cholimex Food Joint Stock Company reported net revenue of over VND1 trillion (US$46.9 million) for 2014, reflecting an increase of 19 per cent from a year ago.
A financial report released on March 17 said Cholimex earned a pre-tax profit of VND50 billion ($2.3 million), indicating a year-on-year jump of 18 per cent and 7 per cent above its target.
At the same time, the company also spent VND135 billion ($6.33 million) and VND48 billion ($2.25 million) as sale costs and management fee, both up 23 per cent and 25 per cent from last year, respectively.
Established in 1983 in HCM City, Cholimex has total assets of VND 408.5 billion ($19.17 million) and is one of the dominant players in the domestic chilli sauce market.
In late 2014, Cholimex stopped being listed in the local stock market. The company also announced that its shareholder general meeting would take place on April 23 in the city. — VNS