February 20, 2012
Vinamilk's 2011 consolidated net profit up 16.6%
A consolidated net profit of VND4.22 trillion (US$204 million) has been made by Vietnam Dairy Products Corporation (VNM) or Vinamilk in 2011, rising 16.6% from a year earlier.
Revenues increased 37.3% on year to VND21.63 trillion (US$1.05 billion) in 2011, VNM said in its consolidated quarterly financial report.
The full-year earnings per share were VND7,717 (US$0.37).
In the fourth quarter, VNM earned a net profit of VND1.04 trillion (US$50.3 million) on revenues of VND5.98 trillion (US$289 million), up 42.5% and 44.4% on year, respectively.
The Hochiminh Stock Exchange-listed company strives to rank in top 50 global largest milk producers by 2017, with total revenues expected to hit US$3 billion.
