:. Food Industry News

Categories: Corporate Results

Vinamilk Says January-August Profit USD 43 Million

Source: Reuters
11/09/2007

Hanoi, Sept 11 - Vinamilk, Vietnam's top dairy product maker, said on Tuesday it made a profit of 702 billion dong ($43.4 million), or 78 percent of its annual target, in the first eight months of this year.

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Vinamilk had revenues of 4.37 trillion dong in the January-August period, or 58.8 percent of its annual target, the firm said in a statement of unaudited results.

It did not say if the profit was gross or net.

The Ho Chi Minh City-based firm also gave no comparative figures for the same period last year, but its January-August profit this year was already 9 percent higher than the net earnings in the first nine months of last year.

Vinamilk aims to raise its annual profit this year by 22.7 percent from 2006 to 898 billion dong on revenues of 7.43 trillion dong.

Shares in Vinamilk closed up 0.63 percent at 161,000 dong on the Ho Chi Minh Stock Exchange.



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