Illustrative image (Source: VNA)
 
HCM City (VNA) - The Vietnam Dairy Products Joint Stock Company (Vinamilk) targeted a revenue of 55.5 trillion VND (2.46 billion USD) and a post-tax profit of 10.75 trillion VND (477 million USD) this year, up 8.5 percent and 4.6 percent, respectively. 

During the annual shareholders’ meeting in Ho Chi Minh City on March 31, Vinamilk planned to pay dividends equivalent to at least half of its post-tax profit. The dividend for the first stage of 2018 will be paid in the third quarter this year at 2,000 VND per share while the second stage is slated for May – June 2019.

Up to 35 percent of 2017 dividends have been paid while 15 percent will be paid on June 26, 2018 with June 6, 2018 as the last registration date.

Earlier, Vinamilk announced that it posted a revenue of 51.135 trillion VND and a post-tax profit of 10.278 trillion VND.

Vinamilk General Director Mai Kieu Lien said its market share has hit 58 percent, up 1 percent each year. Last year, it rose by 2 percent, nearly doubling the target.

Sales of traditional products such as milk powder and fresh milk grew as planned while new products such as milk with less sugar, walnut soya milk and organic milk have also been put up on the market.

Shareholders voted yes to a plan to issue additional one share to each one owning five shares, with a total less than 290.3 million shares.

Vinamilk’s chartered capital is expected to increase by 2.903 trillion VND to 17.415 trillion VND.

The meeting elected Alain Xavier Cany, chief representative and Chairman of Jardine Matheson Limited in Vietnam and Nguyen Chi Thanh, Deputy General Director of the State Capital Investment Corporation to the Board of Directors.

Vinamilk gained top spot in the list of 100 Best Places to Work in Vietnam for 2017 which was announced by Anphabe, a career network of management professionals, and market research firm INTAGE Vietnam. It was followed by Nestlé Vietnam, Viettel, Vietcombank, Coca-Cola Vietnam, and Samsung.-VNA