Net profit after tax in 2013 of Kinh Do Corporation (KDC - HOSE) reached VND 500.98 billion increased 40.16 % compared with 2012.

KDC announced its consolidated results for 2013 with full year net sales reached VND 4,562.86 billion equivalent to a growth of 6.46 %.

The positive effect of the restructuring process which started by mid year 2012 continued to be demonstrated this year. Gross profit margin was stable at 43.28 % compared to 43.61% in 2012.

In addition, the earnings before interest and taxes (EBIT) margin for the year was stable at 12.94 % although cost of sales and management increased.

Furthermore, selling, general and administrative expenses (SG&A) decreased from 30.4 % to 30.3 % due to improved cost management and efficiency of the core businesses.

KDC operating profit surged to 626 billion (up 22.8 % YoY ) with a profit margin increased from 8.34 % in 2012 to 10.98 % in 2013 .

As a result, the company achieved net profit after tax of VND 500.98 billion in 2013, an increase of 40.16% compared with 2012 figures.

In 4Q2013 alone, KDC achieved VND 1,129.5 billion in net revenue, increased 5.75% over the same period. Net profit after tax for 4Q2013 reached 95.33 billion, 2.06 times more than 4Q2012.

According to NDHMoney