Business

Vinamilk sees quarterly record revenue in Q3

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 sees quarterly record revenue in Q3 ảnh 1Vinamilk 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./.
VNA
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