Vinamilk, Vietnam’s largest dairy maker, posted a quarterly record-high revenue of over 16.2 trillion VND (706.57 million USD) in the third quarter of 2021, up 4.1 percent year-on-year.
Vinamilk posts a quarterly record-high revenue of over 16.2 trillion VND (706.57 million USD) in the third quarter of 2021. (Photo: VNA)
Hanoi (VNA) – Vinamilk, Vietnam’s largest dairymaker, posted a quarterly record-high consolidated revenue of over 16.2 trillion VND (706.57million USD) in the third quarter of 2021, up 4.1 percent year-on-year.
Its Q3 consolidated after-tax profit edged up 3.4 percentfrom a year earlier to over 2.96 trillion VND.
However, consolidated profit margin reached 42.9 percent, aslight decrease against the first half of the year, largely due to surgingprices of input materials caused by global supply chain disruption and anti-dumpingtaxes imposed on some materials.
The company’s revenue from exports topped 1.55trillion VND, equivalent to last year’s figure.
Its consolidated revenue and post-tax profit totalled nearly45.18 trillion VND and 8.42 trillion VND, respectively, in the first ninemonths of this year, representing 73 – 75 percent of the yearly plan.
Vinamilk has been running a network of 17 dairy factoriesboth in Vietnam and overseas, and 15 dairy farms with a total of close to160,000 milch cows./.
The Vietnam Dairy Products JSC – Vinamilk, the largest dairy company in Vietnam, posted a record high in net revenue of 15.71 trillion VND (682.57 million USD) in the second quarter of 2021, a year-on-year rise of 1.4 percent, according to its financial report.
Vietnam Dairy Products (Vinamilk) said on August 17 that it has forged an alliance with Del Monte Philippines Inc (DMPI), a subsidiary of Del Monte Pacific Limited.
The Vietnam Dairy Products Joint Stock Company (Vinamilk) has flexibly adapted to difficulties caused by the COVID-19 pandemic by applying advanced technology into production, negotiating raw material purchase contracts with suppliers, and boosting export of the products. Particularly, forming a joint venture to gain a bigger share in the Philippine markets is expected to bring about the high expectation for the company.
With a brand value of 2.4 billion USD, Vinamilk is the only representative of Southeast Asia to be listed in four global rankings on the world’s most valuable and strongest brands in 2021.
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Vinamilk posts a quarterly record-high revenue of over 16.2 trillion VND (706.57 million USD) in the third quarter of 2021. (Photo: VNA)
