Vinacafe sales up 19% in H1
Leading instant coffee producer Vinacafe Bien Hoa reported a 19% jump in sales year-on-year in the first half ending June to VND950 billion (US$40.6 million).
Its post-tax profits were VND190 billion, up 21%.
Vinacafe instant coffee and Wake-up 247 coffee-flavored energy drinks remained its top products with combined sales of VND800 billion. The rest came from instant cereal.
For the full year, it targets revenues of VND2.5-2.9 trillion and profits of VND500-600 billion.
The management said the company would promote coffee-based beverages and roll out new products to meet “the unmet needs of Vietnamese customers.”
Last year, sales and profits were VND2.2 trillion and VND430 billion.
Masan Beverage, a subsidiary of conglomerate Masan Group, owns 98.79 percent of Vinacafe.