Kinh Do sees financial benefits of restructuring

20 August, 2014

HCM CITY (VNS) — Confectionery producer Kinh Do Corporation has reported a net profit of VND93 billion (US$4.4 million) in the first half, 22 per cent year-on-year growth.

In its latest financial statement, the company attributed the high growth to a surge in second quarter profits to VND60 billion ($2.8 million), a 31 per cent increase.

It was the result of improved operational efficiency, cost management, and better focus on more profitable categories after its restructure. — VNS