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KDF reports 7.5 per cent growth in revenue

Nov 1st at 07:48
01-11-2017 07:48:28+07:00

KDF reports 7.5 per cent growth in revenue

Revenue in the first three quarters of the year rose 7.5 per cent year-on-year for Kido Frozen Foods (KDF), a company of the food manufacturer Kido Group.

 

The company posted revenue of over VNĐ1.2 trillion ($52.6 million), and in the third quarter, the figure was VNĐ447 billion ($19.6 million), a surge of nearly 20 per cent over the same period last year.

KDF attributed the higher revenue to new products and markets.

Frozen foods, including frozen chips and dumplings, newly introduced to the market, also helped the company gain solid growth as the items are sold nationwide.

KDF reported pre-tax profits of VNĐ164 billion ($7.2 billion) in the first nine months of the year.

A representative of the company said that more new products would be marketed in the last quarter of the year, including sausages and canned foods.

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