$386.9 million profit for Vinamilk during first half

The Viet Nam Dairy Products Joint Stock Company (Vinamilk) has recently announced its second quarter business results of nearly VND8.125 trillion (US$386.9 million) in net revenue, up 14 per cent from the same period last year.

In the first six months of the year, Vinamilk gained VND14.85 trillion ($707 million) in net revenue, up 14 per cent year-on-year, of which 87 per cent came from the domestic market, the company said.

After tax profits in both Q2 and H1 jumped 22 per cent to VND1.822 trillion ($86.8 million) and VND3.347 trillion ($159.4 million) respectively.

Vinamilk's total assets have increased 6 per cent to over VND21 trillion ($1 billion) since the beginning of this year.

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