Vinamilk Targets Net Profit Of VND5.993tn in 2014


News: Vietnamese dairy company Vinamilk has set a target to achieve net profit of VND5.993trn (USD248mn) for 2014, a decrease of 8.3% from 2013, the company said in a statement issued on April 26. The company forecast revenue to increase 14.9% to VND36.298trn (USD1.71bn) in 2014, up from VND31.586trn (USD1.48bn) in 2013. The firm is planning to utilise 50% of its net profit to pay dividends in 2014 and issue one new share for every five existing shares, the statement added.

This article is tagged to:
Sector: Food & Drink, Agribusiness
Geography: Vietnam