Hanoimilk has completed 69% of its annual plan, with both revenue and profit increasing.

DNHN - Hanoimilk achieved sales and service revenue of 496.4 billion VND and financial revenue of 2.6 billion VND during the first nine months of the year, an increase of 33% and 35%, respectively, compared to the same period the previous year.

Hanoi Milk Joint Stock Company (Hanoimilk, UPCoM: HNM) has just released its financial report for the third quarter of 2023, which includes several noteworthy results. The quarterly revenue from sales and service provision increased by 31% to 184.8 billion VND, while the cost of goods sold increased by 34% to reach 148.5 billion VND. During the period, financial revenue increased by 31% to nearly 660 million VND.

In contrast, financial expenses decreased by 44% to more than 1.8 billion VND compared to more than 3.2 billion VND for the same period last year. However, selling and corporate management expenses increased by 28% and 29%, respectively, during the same period.

According to the data presented above, Hanoimilk recorded a profit after taxes of more than 13.5 billion VND in the third quarter of 2023, a 22% increase over the same period in 2022.

Hanoimilk achieved sales and service revenue of 496.4 billion VND and financial revenue of 2.6 billion VND during the first nine months of the year, an increase of 33% and 35%, respectively, compared to the same period the previous year. The company's profit after taxes reached 38.6 billion VND, a 41% increase from the previous year, and 69% of the 56 billion VND goal set at the 2023 Annual General Meeting of Shareholders.

Hanoimilk's total assets reached 702.9 billion VND as of September 30, 2023, a 38% increase compared to the end of 2022, with short-term assets comprising nearly 72% of total assets. In contrast, Hanoimilk's total liabilities decreased by 26% to 251.9 billion VND, with bank loans decreasing by 75% from 128 billion VND to 32 billion VND.

P.V (t/h)