VNM - ADD - 1H in-line with forecast, strong inventory management keep gross margins high - Update
  • 30 Jul 2013
  • Company Research
In 1H, VNM sales grew by 14.1% while net profit rose 21.6%, driven by a 21.3% increase in domestic sales. Gross margins hit 37.3%, the highest in 3 years, benefiting from a product mix featuring new premium, higher margin products and effective input cost