The owner of Fami soy milk profits nearly 7 billion VND per day

In the third quarter consolidated report of Quang Ngai Sugar Joint Stock Company (QNS), the business achieved net revenue of 2,727 billion VND, gross profit of 912 billion VND, up 10.5% and 6% respectively over the same period last year. before.

Revenue and financial costs both decreased by 31% and 30%, to 60 billion and 20 billion VND. The company reported pre-tax profit of VND 587 billion, an increase of 4% compared to the third quarter of 2023.

Accumulated for 9 months, the net revenue of the Fami soy milk brand owner reached 8,069 billion VND and profit after tax was nearly 1,755 billion VND. These levels both increased by 4% and 14% compared to the same period last year. Thus, they earn an average of 6.5 billion VND per day.

By September 30, the total assets of the enterprise reached 13,014 billion VND, an increase of 961 billion compared to the beginning of the year. More than half of this is cash and bank deposits, about VND 7,350 billion. The company also recorded foreign currency of 903,000 USD and one tael of SJC gold.

The owner of Fami soy milk has nearly 5,230 billion VND in undistributed after-tax profit as of the end of the third quarter and short-term debt at 2,307 billion VND and fixed assets of 3,363 billion VND.

Quang Ngai Sugar is the parent company of Vinasoy (Fami brand) and owns many multi-industry factories such as Dung Quat beer, Biscafun confectionery, Thach Bich mineral water and large sugar factories.

This year, QNS set a revenue target of 9,000 billion VND and profit after tax of 1,341 billion VND, down 14% and 39% respectively compared to 2023. To date, the company has completed 90% of the revenue target and exceeded 31%. profit target.

On the stock exchange, QNS shares traded at 48,600 VND, up 17% compared to the beginning of the year.