:. Food Industry News

Categories: Corporate Results

Vinamilk Says Jan-Sept Net Profit Soars 32 pct Year on Year

Source: Reuters
22/10/2007

Hanoi, Oct. 22 - Vinamilk, Vietnam's top dairy firm, said on Monday its net earnings jumped 32 percent to 755.2 billion dong ($46.7 million) in the first nine months of this year.

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Revenues rose 4.2 percent to 4.96 trillion dong ($300 million) from 4.76 trillion dong in the first nine months of last year, the company said in a quarterly report.

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

State media reported last week the Ho Chi Minh City-based firm had hired a consultant to prepare for its listing on the Singapore Exchange , but no date had been set.

Shares in Vinamilk fell 2.63 percent to close at 185,000 dong ($11.4) on the Ho Chi Minh Stock Exchange on Monday. ($1=16,166 dong)



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