Dairy producer Vinamilk's organic facility in Lam Dong Province. — Photo vinamilk.com.vn

The largest dairy producer by market value Vinamilk (HoSE: VNM) has completed issuing more than 348 million shares to raise charter capital.

Funding for the share issuance was taken from the company’s owner equity capital.

The total amount of outstanding shares is now nearly 2.09 billion, the company said in a filing.

Vinamilk has also decided to make the first dividend payment for 2020 in cash at a 20 per cent ratio.

In the third quarter, the dairy giant reported revenue of VND15.5 trillion (US$666.86 million), up 8.8 per cent on-year. Its post-tax profit in the third quarter rose 16 per cent on-year to VND3.1 trillion.

After nine months, the company estimated total revenue has gained 7.4 per cent on-year to VND45.3 trillion and post-tax profit has increased by 7 per cent on-year to nearly VND9 trillion.

With those figures, Vinamilk has fulfilled 84 per cent of its full-year profit projection.

Vinamilk shares, listed on the Ho Chi Minh Stock Exchange as VNM, edged up 0.9 per cent to end Wednesday at VND108,000 ($4.65) apiece. — VNS