Vinamilk’s profit down by 9% in first quarterDairy giant Vinamilk reported a fall of 9 per cent in its consolidated net profit in the first quarter of this year, reaching over VND2.68 trillion (US$118 million). The parent company also saw its revenue and profit go down compared to the same period last year, totalling VND10.7 trillion and VND2.6 trillion, respectively, in the last three months. The parent company also saw its revenue and profit go down compared to the same period last year, totalling VND10.7 trillion and VND2.6 trillion, respectively, in the last three months. By the end of March, Vinamilk achieved 22 per cent of its revenue target of VND55.5 trillion and 25 per cent of its net profit goal of VND10.75 trillion set for this year. Vinamilk’s market cap was VND267.8 trillion ($11.75 billion) on March 2, while Vingroup’s market value reached VND329.7 trillion.

Source: VietNamNet News May 03, 2018 07:52 UTC