Wednesday, May 23, 2018 5:51:50 AM - Markets open
VN-INDEX 985.91 -29.07/-2.86%
HNX-INDEX 116.72 -2.94/-2.46%
UPCOM-INDEX 53.73 -1.05/-1.92%
VNM: Vinamilk’s profit down by 9% in first quarter
http://vietnamnews.vn/ - 5/3/2018 11:26:17 AM
 (0 ratings. You must sign in to rate.)
Dairy giant Vinamilk reported a fall of 9 per cent in its consolidated net profit in the first quarter of this year, reaching over VNĐ2.68 trillion (US$118 million).
 
Its total net sales increased slightly to VNĐ12.1 trillion during the period, but the cost of goods sold rose by 6.4 per cent to over VNĐ6.6 trillion, which drove the company’s profit down.
 
The parent company also saw its revenue and profit go down compared to the same period last year, totalling VNĐ10.7 trillion and VNĐ2.6 trillion, respectively, in the last three months.
 
By the end of March, Vinamilk achieved 22 per cent of its revenue target of VNĐ55.5 trillion and 25 per cent of its net profit goal of VNĐ10.75 trillion set for this year.
 
The company’s shares have slipped by 13 per cent from its all-time high of VNĐ214,000 per share on March 16 this year, closing May 2 at VNĐ184,500 per share on HCM Stock Exchange. It also lost its top position in the stock market as the largest company by market value to private conglomerate Vingroup.
 
Vinamilk’s market cap was VNĐ267.8 trillion ($11.75 billion) on March 2, while Vingroup’s market value reached VNĐ329.7 trillion. — VNS
 
Read original article here
Newer News
09/05 POW: PV Power Q1 profit up 37%
Older News
02/05 VRE: Vincom Retail’s consolidated revenue up by 16%
24/04 VJC: Vietjet’s profit hits new height in 2017
17/04 TAC increases dividend by half to 24 per cent
11/04 HPG: Hoa Phat steel grows 10 percent in Q1
04/04 HAGL reports decrease of $29 million in audited financial statements
27/03 Bank profits expected to rise significantly in Q1
07/02 Petrolimex’s profit down despite revenue increase
07/02 FPT records 41 percent increase in pre-tax profit
01/02 Sabeco reports massive revenue and profit in fourth quarter of 2017
01/02 Vietjet’s pre-tax profit hits nearly 4.755 trillion VND
 
Newsletter Signup
Top Stories
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Draft decree on State monopoly in trade submitted to Government
CPI ups 0.46% in January
Market Update
Last updated at 3:11:03 PM
VN-INDEX 985.91 -29.07/-2.86%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.