Vinamilk posts record high net revenue in Q2 2021

Monday, Aug 02, 2021 08:28

A production line of Vinamilk. — VNA/VNS Photo

The Vietnam Dairy Products JSC – Vinamilk, the largest dairy company in Viet Nam, posted a record high in net revenue of VND15.71 trillion (US$682.57 million) in the second quarter of 2021, a year-on-year rise of 1.4 per cent, according to its financial report.

The figure also rose by 19.2 per cent compared to the previous quarter.

The company’s after-tax profit exceeded VND2.86 trillion in the period, a year-on-year decline of 7 per cent but up 10 per cent against Q1.

It raked in VND13.25 trillion in net revenue in the domestic market, surging 18.5 per cent against the previous quarter.

A report by Kantar WorldPanel showed that Vinamilk maintained its lead as the most-favoured dairy brand in Viet Nam in 2020 and ranked first in the sale of fast-moving consumer goods for the fourth consecutive year.

In Q2 2021, the dairy firm launched its Vinamilk Green Farm system in the provinces of Tay Ninh, Quang Ngai and Thanh Hoa.

Its affiliate Moc Chau Milk earned VND790 billion in net revenue, up 7.6 per cent against the same period last year and fulfilling 56 per cent of its yearly target.

Vinamilk posted a net revenue of nearly VND1.61 trillion in exports, a year-on-year increase of 17.2 per cent.

The Middle East continues to be its largest export market, along with others of the US and China. — VNS

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