February 11, 2016                                               

Vinamilk's sales rose to US$1.8 billion in 2015

In the year through December last year, Vinamilk's sales had achieved VND40 trillion (US$1.8 billion), an increase of 14% on-year, the Nikkei Asian Review reported.

Net profit attributable to shareholders of the parent company rose 28% to VND7.77 trillion (US$351.4 million).

Overseas sales make up 20% of Vinamilk's overall revenue, having went up by 39% to VND7.96 trillion (US$360 million) in 2015. Its earnings per share also witnessed an upward trend of 28% to VND5,837 (US$0.26).

As the company expands overseas - with acquisitions and investments in dairy companies and facilities in New Zealand, Cambodia and the US as well as establishing a branch in Russia, it is also seeking to maintain its position in the US$4 billion Vietnamese dairy market, in light of tight competition.

Hence, sales expenses rose by 70% year-on-year in 2015, reaching VND6.2 trillion (US$279 million). Vinamilk's advertising costs also increased by a significant 82% to VND1.7 trillion (US$76.3 million) in the same year, while commissions spiked at a staggering 168% to VND2.3 trillion (US$103.2 million).

Currently, the company holds 53% of the Vietnamese market for liquid milk, 84% for yogurt and 80% for condensed milk, according to the Nikkei Asian Review.