Leading Vietnamese dairy product maker Vinamilk (VNM) said on Friday it made a net profit of 572 billion dong dong ($35.5 million) in the first six months of this year, up 36 percent from a year earlier.
The Ho Chi Minh City-based company's first half revenues jumped 10.7 percent from a year earlier to 3.122 trillion dong ($193.5 million), a company spokeswoman said.
"The result growth is in place thanks to increases in both our production and trading as well as financial investment," spokeswoman Le Quang Thanh Truc said by telephone.
Shares in Vinamilk fell 1.1 percent to 180,000 dong ($11) on Friday, valuing the firm at $1.93 billion and ranking it the largest on Vietnam's main stock market.
Truc said Vinamilk, the short name for Vietnam Dairy Products Company, had steady domestic growth of sales of all its products such as fresh milk, yogurt and powdered milk.
Vinamilk also produces beverages and deals in real estate and provides warehousing and transport services.
Truc gave no further details but said the company expected to publish a detailed report of its first-half operations next week.
In March, Vinamilk chief executive Mai Kieu Lien said the firm would list 8.85 million shares with a face value of $5.5 million on the Singapore stock market later this year.
Source: Reuters
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