Business

Vinamilk expects its Q3 revenue at 591 million USD

Vietnam’s largest dairy producer Vinamilk (HOSE: VNM) has estimated its third-quarter revenue at 13.3 trillion VND (591 million USD).
Vinamilk expects its Q3 revenue at 591 million USD ảnh 1Vinamilk expects its Q3 revenue at 591 million USD (Illustrative image. Source: internet)

HCM City (VNA) –Vietnam’s largest dairy producer Vinamilk (HOSE:VNM) has estimated its third-quarter revenue at 13.3 trillion VND (591 millionUSD).

The figure represents an increase of 8.4 percent over the same period lastyear.

The company also forecast pre-tax profit to rise 5.66 percent to 3.2 trillionVND and post-tax profit to rise 5.46 percent to 2.69 trillion VND.

In the past three quarters, Vinamilk estimates 38.75 trillion VND in revenueand 8.54 trillion VND in post-tax profit, a year-on-year increase of 10.34 percentand 13.6 percent, respectively.

The largest dairy producer targets to hit 51 trillion VND in revenue and 9.73trillion VND in post-tax profit for 2017.

The nine-month performance would help Vinamilk complete 76 percent and 88 percentof its targeted figures for 2017.

According to Viet Dragon Securities Company (VDSC), Vinamilk could earn 11trillion VND in post-tax profit.

Shares of Vinamilk (VNM) closed October 10 down 0.3 percent at 148,500 VND pershare.-VNA
VNA
#Vietnam’s largest dairy producer Vinamilk #third-quarter revenue #pre-tax profit #post-tax profit #nine-month performance #Viet Dragon Securities Company #shares Vietnam
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