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NEWS UPDATES Asean Affairs     23 June  2016  

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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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

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