Production line at a Vinamilk factory. (Photo: VNS)Hanoi (VNA) - The Vietnam Dairy Products Joint Stock Company (Vinamilk) posted an after-tax profit of nearly 7.8 trillion VND (350 million USD) last year, an increase of 28 percent year-on-year.
The company's total revenue in 2015 reached 40.2 trillion VND (1.8 billion USD), up 14 percent against 2014.
Vinamilk reported revenue of 11.1 trillion VND (500 million USD) in the fourth quarter of 2015, an increase of 19 percent year-on-year. The company earned 1.9 trillion VND (85 million USD) in after-tax profit, up 10 percent compared with the same period last year.
Although a majority portion of Vinamilk's revenue comes from the domestic market (more than 80 percent), the revenue earned from overseas markets has witnessed strong growth, increasing 39 percent compared with 2014.
The company's expenditure in 2015 rose by 70 percent to touch 6.2 trillion VND (280 million USD), of which advertising expenditures comprised 1.8 trillion VND (80 million USD), up 82 percent.-VNA
