Vinamilk's consolidated net revenue in Q2 rose 9.5 percent from Q1 and 6.1 percent from a year earlier (Photo: VNA) Hanoi (VNA) – The Vietnam Dairy Products JSC(Vinamilk) recorded over 15.49 trillion VND (670.16 million USD) inconsolidated net revenue between April and June, up 9.5 percent from the firstquarter and 6.1 percent from a year earlier.
In its financial report for Q2, Vinamilk, one ofthe largest dairy product manufacturers in Vietnam, said the revenue includedmore than 13.36 trillion VND generated by domestic business activities, up 10.5percent quarter on quarter and 7.6 percent year on year.
It attributed the growth to the inclusion ofbusiness outcomes of the GTNFoods JSC and the Moc Chau Dairy Cattle BreedingJSC, where it is the largest shareholder, since Q1.
Meanwhile, the parent company’s net revenue wasover 13.62 trillion VND, rising 13.6 percent from Q1 and 4 percent from thesame period last year.
The lifting of social distancing on April 22 hasalso support the firm’s performance in Q2, it said.
Despite heavy impact of the COVID-19 pandemic onthe domestic and global economies, Vinamilk has still taken proactive actionsto seek opportunities in potential markets, it noted, adding that the export ofdairy products to China, the Republic of Korea and some other marketscontributed 1.37 trillion VND to the net revenue in Q2, up 26.8 percent quarteron quarter and 7.1 percent year on year.
Its overseas branches post 761 billion VND innet revenue, accounting for 5 percent of the consolidated net revenue in Q2.
The post-tax consolidated profit in theApril-June period reached 3.08 trillion VND, increasing 6.2 percent from a yearearlier, the company noted.
In June, Vinamilk became the first milk companyof Vietnam to be licensed to ship dairy products to member countries of theEurasian Economic Union (EAEU)./.
VNA
