Vinamilk expects its Q3 revenue at 591 million USD hinh anh 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 million USD).

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

The company also forecast pre-tax profit to rise 5.66 percent to 3.2 trillion VND 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 revenue and 8.54 trillion VND in post-tax profit, a year-on-year increase of 10.34 percent and 13.6 percent, respectively.

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

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

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

Shares of Vinamilk (VNM) closed October 10 down 0.3 percent at 148,500 VND per share.-VNA