Tuesday, October 26, 2021 2:11:00 AM - Markets open
VN-INDEX 1,385.40 -3.84/-0.28%
HNX-INDEX 395.88 +4.68/+1.20%
UPCOM-INDEX 100.92 +0.56/+0.56%
KDC: KIDO Group aims for profit of 800 billion VND in 2021
VietNam+ - 2/23/2021 2:31:21 PM
 (0 ratings. You must sign in to rate.)
Food producer KIDO Group (KDC) has set a goal of reeling in revenue of 11.5 trillion VND (501.1 million USD) this year, of which pre-tax profit stands at 800 billion VND.
 
Food producer KIDO Group (KDC) has set a goal of reeling in revenue of 11.5 trillion VND (501.1 million USD) this year, of which pre-tax profit stands at 800 billion VND.
 
The figures are higher than those of 2020 by 38 and 91.5 percent respectively.
 
Toward the target, plans have been in place to develop each sector operated by the group.
 
Accordingly, the group will diversify and strengthen the brands of its cooking oil products, while keeping its leading place and share in the ice cream market.
 
Regarding snack production, research is underway for the launch of new snacks, moon cakes, and fresh bread.
 
KIDO is also studying the potential coffee market for the gain of a future foothold as soon as possible.
 
Recently, the group has announced that it is entering the beverage industry by setting up a joint venture with dairy giant Vinamilk. The two companies signed a memorandum of understanding to set up a joint venture - the Vinamilk-Kido Beverage Joint Venture Company Ltd (Vibev), with Vinamilk holding 51 percent and KDC 49 percent. The new brand is expected to debut in April.
 
In January alone, KIDO posted about 1.1 trillion VND in revenue, doubling the figure of the same period last year, and 90 billion VND in pre-tax profit, up 342 percent year-on-year.
 
The group attributed the substantial growth to impressive sales of cooking oil and confectionary products serving the Lunar New Year festival (Tet)./.
 
Newer News
15/10 FLC: Bamboo Airways opens Hà Nội-Điện Biên route
08/09 HAG: shares continue to trade under supervision of HoSE
16/08 VPB: VPBank's charter capital to reach $3.3 billion by 2022
15/07 HVN: Vietnam Airlines to raise over $346 million through share issuance
08/07 GVR: Rubber group looks to boost industrial zone development
07/07 GVR: Looks to boost industrial zone development
07/07 HVN: Vietnam Airlines signs 173.7-mln-USD credit deal with three banks
05/07 HVN: Vietnam Airlines, SeABank sign 2-trillion-VND credit contract
29/06 VIC: Car maker VinFast to expand dealership network to Laos
02/06 POW: POW faces risk of being kicked out of VN30-Index
Older News
13/01 HNG: HAGL Agrico shareholders approve new development strategy
08/01 BSR: Binh Son Refining and Petrochemical eyes 37.45 million USD in after-tax profits
08/01 HPG: Hoa Phat Group’s steel output surpasses 5 million tonnes for first time
19/12 ACV to invest more than $4.3 billion in Long Thành Int’l Airport
19/11 BDC: Nghị quyết Đại hội đồng cổ đông bất thường năm 2019
20/05 KDH: House to issue 130 million shares for dividend and bonus payments
 
Newsletter Signup
Top Stories
Transport ministry allows increase of domestic flight frequency from October 21
VIC: Vinfast & Europe's AUTOBEST enter new strategic partnership
Energy stocks benefit from higher oil prices
Vietnam’s GDP up 1.42 percent in nine months
VCS: Vicostone's Q3 pre-tax profit estimated to reach 80% of yearly target
Market Update
Last updated at 3:05:04 PM
VN-INDEX 1,385.40 -3.84/-0.28%
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.