Kinh Do Corporation (HOSE: KDC) announced consolidated net profit after tax during the first 6 months of 2013 for the shareholders of the parent company of 80 billion.

In details, net sales during the period reached VND 1,706 billion increased 10 % over the first 6 months of 2012. Cost of goods sold increased 8% year-on-year which helped to increase gross profit 10% to VND 669 billion. Gross profit margin reached 39%.

This year the company recorded a financial income of VND 21 billion compare to a loss of VND 50 billion during the same period last year.

As a result, profit before tax of KDC was 5 times higher than the same period last year reaching VND 131 billion, equivalent to 22 % of the year target (VND 600 billion). Net profit after tax of the parent company reached VND 78,5 billion compared to a loss of VND 9 billion last year.

Particularly in quarter 2/2013, KDC recorded VND 46 billion in net profit after tax for the parent company's shareholders while in quarter 2/2012 it had a net loss of VND 8 billion.

As of June 30th, 2013, cash and cash equivalents of KDC increased 76 % YoY to VND 1,457 billion.

Vietstock