Vinamilk sees record quarterly revenue in Q3

Tuesday, Nov 02, 2021 13:22

Vinamilk's products on sale in a supermarket. Vinamilk's revenue increased 4 per cent to over VND16.2 trillion (US$706.57 million) in the third quarter of 2021. — Photo courtesy of Vinamilk

Vinamilk, Viet Nam’s largest dairy firm, posted a quarterly record-high revenue of over VND16.2 trillion (US$706.57 million) in the third quarter of 2021, up 4.1 per cent year-on-year.

Its Q3 consolidated after-tax profit edged up 3.4 per cent from a year earlier to over VND2.96 trillion.

However, consolidated profit margin reached 42.9 per cent, a slight decrease against the first half of the year, largely due to surging prices of input materials caused by global supply chain disruption and anti-dumping taxes imposed on some materials.

The company’s revenue from exports topped VND1.55 trillion, equivalent to last year’s figure.

Its consolidated revenue and post-tax profit totalled nearly VND45.18 trillion and VND8.42 trillion, respectively, in the first nine months of this year, representing 73-75 per cent of the yearly plan.

Vinamilk has been running a network of 17 dairy factories both in Viet Nam and overseas, and 15 dairy farms with a total of close to 160,000 milch cows. — VNS

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