Vinamilk expects its Q3 revenue at 591 million USD (Illustrative image. Source: internet)
HCM City (VNA) –Vietnam’s largest dairy producer Vinamilk (HOSE:VNM) has estimated its third-quarter revenue at 13.3 trillion VND (591 millionUSD).
The figure represents an increase of 8.4 percent over the same period lastyear.
The company also forecast pre-tax profit to rise 5.66 percent to 3.2 trillionVND and post-tax profit to rise 5.46 percent to 2.69 trillion VND.
In the past three quarters, Vinamilk estimates 38.75 trillion VND in revenueand 8.54 trillion VND in post-tax profit, a year-on-year increase of 10.34 percentand 13.6 percent, respectively.
The largest dairy producer targets to hit 51 trillion VND in revenue and 9.73trillion VND in post-tax profit for 2017.
The nine-month performance would help Vinamilk complete 76 percent and 88 percentof its targeted figures for 2017.
According to Viet Dragon Securities Company (VDSC), Vinamilk could earn 11trillion VND in post-tax profit.
Shares of Vinamilk (VNM) closed October 10 down 0.3 percent at 148,500 VND pershare.-VNA
Shares moved in opposite directions on the two stock exchanges on September 20. Investors’ sentiment was fragile as worry swirled about the possibility of a deeper correction.
Shares rose slightly for a second day on the HCM Stock Exchange this week but the rally was recorded in the last trading minutes thanks to recovery of some large-cap stocks.
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Vinamilk expects its Q3 revenue at 591 million USD (Illustrative image. Source: internet)
