Deals
Vinacafe Bien Hoa Profit May Beat Forecast by 44%, Dung Says
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Vinacafe Bien Hoa Joint-Stock Co., a unit of Vietnam’s second-biggest coffee exporter, said full-year net income may exceed its forecast by 44 percent as raw-material costs were less than anticipated.
Profit for the year ending Dec. 31 may rise to 200 billion dong ($9.6 million), compared with the previous forecast of 139 billion dong, said Deputy General Director Le Hung Dung. Net income at the maker of roasted and instant coffee may have reached 140 billion dong in the first eight months, Dung said in an interview yesterday.