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VNM expects its Q3 revenue at $591 million

Oct 11th at 09:03
11-10-2017 09:03:03+07:00

VNM expects its Q3 revenue at $591 million

Viet Nam’s largest dairy producer Vinamilk (HOSE: VNM) has estimated its third-quarter revenue at VND13.3 trillion (US$591 million).

 

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

The company also forecast pre-tax profit to rise 5.66 per cent to VND3.2 trillion and post-tax profit to rise 5.46 per cent to VND2.69 trillion.

In the past three quarters, Vinamilk estimates VND38.75 trillion in revenue and VND8.54 trillion in post-tax profit, a year-on-year increase of 10.34 per cent and 13.6 per cent, respectively.

The largest dairy producer targets to hit VND51 trillion in revenue and VND9.73 trillion in post-tax profit for 2017.

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

According to Viet Dragon Securities Company (VDSC), Vinamilk could earn VND11 trillion in post-tax profit.

Shares of Vinamilk (VNM) closed Tuesday down 0.3 per cent at VND148,500 per share.

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