Food company profit jumps 60 pct – VnExpress International


By Phuong Dong  &nbspJanuary 21, 2021 | 08:26 am GMT+7
Food company profit jumps 60 pct  Food company profit jumps 60 pct - VnExpress International KI 1611132799 3586 1611168366

An ice-cream manufacturing chain seen in a factory of Kido Group Corporation. Photo courtesy of Kido Group Corporation.


KIDO Corporation has reported a 59.6 percent surge in net profit last year to VND330 billion ($14 million), and attributed it to booming edible oil sales.

Its net revenues were VND8.32 trillion, up 15.4 percent. Cooking oil accounted for 84.5 percent of its total revenues, 25.1 percentage points higher than in 2019.

Frozen products, mainly ice-cream, accounted for 15.1 percent and other products for 0.4 percent.

The company tweaked production plans to meet the demand in various regions, optimized its distribution channels and diversified its products to meet customers’ needs. It included increasing the number of transit warehouses by 15.

In December, the board of directors approved an issue of corporate bonds with a face value of VND1 billion to fund production and trading of cooking oils, confectionery, soft drinks, agricultural products, and other products, the company said.

e.VnExpress

What's Your Reaction?

Cry Cry
0
Cry
Cute Cute
0
Cute
Damn Damn
0
Damn
Dislike Dislike
0
Dislike
Like Like
0
Like
Lol Lol
0
Lol
Love Love
0
Love
Win Win
0
Win
WTF WTF
0
WTF

Comments 0

Your email address will not be published. Required fields are marked *

Food company profit jumps 60 pct – VnExpress International

log in

Become a part of our community!

reset password

Back to
log in
error: Content is protected !!
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Open List
Open List
Ranked List
Ranked List
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF