ASEAN KEY DESTINATIONS
Kido Group reports 2015 sales of $136m
Giant foods and flavours producer Kido Group (KDC) has reported sales of over VNĐ3.1 trillion (US$136 million) for fiscal year 2015.
Pre-tax profit was VNĐ6.7 trillion ($294 million).
The company sold its snacks business last year.
At its annual general meeting last week KDC said the confectionery business contributed in the first six months of 2015, and cooking oil, instant noodles, and seasonings for the whole year.
The ice cream and yogurt business continued to contribute significantly as it grew 30 per cent year-on-year.
The company has decided to pay a one-time dividend of VND20,000 per share in addition to a normal dividend of VNĐ1,400.
For this year KDC targets profit before tax of VNĐ1.5 trillion ($66 million).
The company continues to invest in its market leading brands that are expanding further into the frozen food category while also developing new categories of products like oil and noodles.
It product portfolio in the frozen foods category will be expanded with a VND400 billion production facility in the northern province of Bắc Ninh.
The group will continue to seek opportunities to expand into new product categories, working with new partners and considering mergers and acquisitions to penetrate new markets.
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