Vinamilk headquarters in Ho Chi Minh City (Source: Vinamilk) Hanoi (VNA) – Vietnam’s biggest dairy producer Vinamilk has topped the ForbesVietnam’s list of 50 largest listed companies for another year.
It is the seventhconsecutive year Vinamilk has dominated the rankings which honour firms listedon the HCM and Hanoi stock exchanges.
This year’s 50top listed firms together accounted for 63 percent of the market capitalisatonand recorded a combined post-tax profit of approximately 127.53 trillion VND(5.45 billion USD), a year-on-year increase of 19.2 percent.
Earlier thismonth, Vinamilk also won the top position in Forbes Vietnam’s top 50 brands in2019, with its brand value exceeding 2.2 billion USD.
Last month, thestate-owned dairy producer was the only Vietnamese company included in the top50 of the fourth annual Asia 300 Power Performers Ranking compiled by theNikkei Asian Review.
It was theonly Asian representative invited to join the 2019 Global Diary Congress inLisbon, Spain, to share experience in developing organic dairy products.
As of June 30,Vinamilk’s market capitalisation exceeded 214.2 trillion VND with compoundedannual growth rate (CAGR) from 2006 to 2018 reaching 57 percent. The firm’sannual revenue growth from 2013 – 2018 averaged 10.8 percent while the averageprofit growth was 9.3 percent.
In the firsthalf of this year, the group earned nearly 27.8 trillion VND in net revenue, up7.61 percent from the same period last year.-VNA
VNA
