Vinamilk's profit registers 28% increase

Thursday, Feb 04, 2016 17:02

A conrner of Vinamilk production line in Viet Nam.— Photo VNA

HA NOI (Biz Hub) — The Viet Nam Dairy Products Joint Stock Company (Vinamilk) posted an after-tax profit of nearly VND7.8 trillion (US$350 million) last year, an increase of 28 per cent year-on-year.

The company's total revenue in 2015 reached VND40.2 trillion ($1.8 billion), up 14 per cent against 2014.

Vinamilk reported revenue of VND11.1 trillion ($500 million) in the fourth quarter of 2015, an increase of 19 per cent year-on-year. The company earned VND1.9 trillion ($85 million) in after-tax profit, up 10 per cent compared with the same period last year.

Although a majority portion of Vinamilk's revenue comes from the domestic market (more than 80 per cent), the revenue earned from overseas markets has witnessed strong growth, increasing 39 per cent compared with 2014.

The company's expenditure in 2015 rose by 70 per cent to touch VND6.2 trillion ($280 million), of which advertising expenditures comprised VND1.8 trillion ($80 million), up 82 per cent. — VNS

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