Kinh Do’s accumulated revenue reached 3,050 billion VND in the third quarter with estimated gross profit of 1,238 billion VND.
Kinh Do Corporation (KDC - HOSE) said this MoonCake season 2011 was impressively recorded with total nationwide consumption output of more than 2,100 tons. Net revenue of Moon cake products increased 31%, from 497 billion VND in 2010 to 651 billion VND in 2011. Gross profit of the Moon cake products had an increase of 26.22% in 2011 from 286 billion to 361 billion VND. Profit before tax of Moon cake products contributed to the consolidated profit result was 182 billion VND, increase of 15.84% compared to last year.
According to the KDC, the accumulated and consolidated revenue in the third quarter reached approximately 3,050 billion VND with estimated gross profit of 1,238 billion VND, consolidated profit before tax from food business was 383 billion VND. Besides the Moon cake industry, the business performance of the food industry were good also, in which, confectionery division increases 43% and ice cream and yogurt division increases 51>#/p###
KDC set the revenue target of 2011 of 4,200 billion VND and profit target of 500 billion VND. With current status, KDC revealed that it is feasible to obtain and exceed the 2011 target of the food business.
According to Online Securities Investment