According to the second quarter financial report, Vinacafe Bien Hoa Joint Stock Company (VCF) recorded revenue of nearly 636 billion VND, a 10% increase compared to the same period last year. Management attributed this result to sales of Vinacafe instant coffee, Wake-up coffee, and Wake-up 247 energy drink.
Simultaneously, the company effectively managed expenses. As a result, after-tax profit increased 24% to over 121 billion VND. This is the 4th consecutive quarter the company has earned over 100 billion VND in profit.
For the first half of the year, Vinacafe Bien Hoa achieved revenue of nearly 1,309 billion VND and after-tax profit of over 249 billion VND, representing increases of 23% and 33% respectively. With this additional profit, the company's total accumulated profit has risen to nearly 1,635 billion VND. This represents several years of accumulated earnings that have not yet been distributed. This amount could be distributed to investors and shareholders or reinvested in business operations, or set aside for future expenses and risks.
This "set aside" profit remains over one thousand billion VND even though VCF frequently distributes dividends, often at substantial rates. Notably, in 2017, they paid a cash dividend of 66,000 VND per share, and in 2019, 2020, 2021, and 2024, dividends were around 24,000-25,000 VND.
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Vinacafe Bien Hoa products on supermarket shelves in Ho Chi Minh City. Photo: Quynh Tran |
Vinacafe Bien Hoa products on supermarket shelves in Ho Chi Minh City. Photo: Quynh Tran
Vinacafe Bien Hoa originated from the Coronel Coffee Factory, established in 1968 in Dong Nai. The company operates three factories with a total capacity of over 4,000 tons per year. Their famous products include Vinacafe - the first instant coffee produced by Vietnamese people - and B'fast nutritional cereal.
In 2011, Masan Consumer (MCH) - a consumer goods subsidiary of Masan Group (MSN) - acquired VCF and became its parent company. Since then, the company has gradually expanded its beverage lines to include Wake-up coffee, Phil instant coffee, and Wake-up Coffee 247 energy drink. They also export to international markets such as China, the US, Canada, Taiwan, Japan, and South Korea.
Vinacafe Bien Hoa's stock code, VCF, is the highest-priced stock on the HoSE and ranks 5th overall in the market. At the close of trading on 21/7, VCF reached 298,500 VND per share, a 42% increase compared to the end of the year. However, this stock has low liquidity, typically trading a few hundred to a few thousand shares per session due to a highly concentrated shareholder structure, with Masan Consumer holding 98.79%.
Tat Dat
