Viet Nam News HÀ NỘI — Vietnam Dairy Products Joint Stock Company (Vinamilk) aims to increase its total revenue by 8.5 per cent and its post-tax profit by 4.6 per cent in 2018. The earnings figures for 2018 will be VNĐ55.5 trillion (US$2.46 billion) in revenue and VNĐ10.75 trillion in post-tax profit, the company’s management board announced at its annual general shareholder meeting on Saturday. This is a modest target considering Vinamilk’s average annual growth of around 10 per cent in the previous five years. The company also plans to raise its market share by 1 per cent each year, reaching at least 60 per cent in the next five years in Việt Nam. Its current market share is 58 per cent. Based on such earnings targets, Vinamilk proposed a dividend payout that would be equal to 50 per cent of the company’s post-tax profit in 2018. The first payment would be made in the third quarter of this year, worth VNĐ2,000 (8.9 US … [Read more...] about Humble earnings targeted for 2018: Vinamilk
Vinamilk
Vinamilk sets 2.46 bln USD in revenue in 2018
Illustrative image (Source: VNA) HCM City (VNA) - The Vietnam Dairy Products Joint Stock Company (Vinamilk) targeted a revenue of 55.5 trillion VND (2.46 billion USD) and a post-tax profit of 10.75 trillion VND (477 million USD) this year, up 8.5 percent and 4.6 percent, respectively. During the annual shareholders’ meeting in Ho Chi Minh City on March 31, Vinamilk planned to pay dividends equivalent to at least half of its post-tax profit. The dividend for the first stage of 2018 will be paid in the third quarter this year at 2,000 VND per share while the second stage is slated for May – June 2019. Up to 35 percent of 2017 dividends have been paid while 15 percent will be paid on June 26, 2018 with June 6, 2018 as the last registration date. Earlier, Vinamilk announced that it posted a revenue of 51.135 trillion VND and a post-tax profit of 10.278 trillion VND. Vinamilk General Director Mai Kieu Lien said its market share has hit 58 percent, up 1 percent … [Read more...] about Vinamilk sets 2.46 bln USD in revenue in 2018
Vinamilk inaugurates IT-adopted milk cow farm in Thanh Hoa
The farm is using herd management DairyPlan, CowScout, and close automated milking system. The baby cow will be fed with automated milk system; their health and growth is monitored without pause. Moreover, the farm has automatic feed pusher Lely Juno to push feed regularly within the cows’ reach. The VND700 billion ($30.7 million) farm raising 4,000 cows is located in the area of 40 hectare. It is the first farm in the chain of five IT-adopted farms in Thanh Hoa Province. The chain of farms is expected to cover 2,500 hectare. By 2020, four other farms will be built as per planned including an organic dairy cow farm where raise 20,000 cows providing around 110 million liters of milk a year. Similar its other international-standard farms in the country, the chain in Thanh Hoa Province is invested with state-of-the-art machines and IT adoption. It achieves Global GAP- standard dairy. The dairy producer also takes heed to waste treatment. Wastewater treating factory will be used … [Read more...] about Vinamilk inaugurates IT-adopted milk cow farm in Thanh Hoa
Vinamilk opens high-tech dairy farm in Thanh Hoa
Speaking at the event, Vinamilk CEO Mai Kieu Lien said that the inauguration of the farm aimed to help Vinamilk to achieve its business goals, while contributing to boosting the development of the dairy industry in Thanh Hoa and Viet Nam in general. Covering a total area of 40 hectares in Thong Nhat town, Yen Dinh district, the facility was built with an investment of VND700 billion (US$30.5 million). The farm, designed to raise 4,000 milk cows, is granted the global GAP (Good Agricultural Practice) certification in recognition of its farm management, raw milk quality, and application of state-of-the-art technology. The farm is the first of its kind to be built in the Vinamilk Thanh Hoa dairy farm complex, which is designed to have four high-tech farms with a combined milk supply of 110 million litres per annum by 2020. On the occasion, Vinamilk presented milk packs … [Read more...] about Vinamilk opens high-tech dairy farm in Thanh Hoa
Vinamilk to spend half of profit on dividend
Viet Nam Dairy Products Joint Stock Company (Vinamilk) has announced plans to spend half of its total post-tax profit in 2017 on paying cash dividend. The proposed dividend payment is included in the company’s files for the upcoming annual shareholders’ meeting, which is scheduled for March 31. Vinamilk last year posted a yearly increase of 10 per cent in its post-tax profit, which reached VND10.3 trillion (US$456.8 million). Thus, the total dividend payout that Vinamilk may make for 2017 could reach VND5.1 trillion. The proposed dividend payout for 2017 is lower than the figure for 2016, which was equal to 83 per cent of the company’s earnings in 2016. Vinamilk on August 31, 2017 made the first dividend payment for 2017, worth VND2,000 (9 US cents) per share, and plans the second dividend payment of VND1,500 per share on March 30, 2018. The remaining dividend for 2017 is VND1,500 per share. Vinamilk will finalise the list of beneficial shareholders on June 6 and make … [Read more...] about Vinamilk to spend half of profit on dividend