In 2013, the consolidated profit after tax of Kinh Do Corporation (HOSE: KDC) exceeded VND 500 billion, increased 40% over the previous year.

Net sales for the year reached VND 4.563 KDC billion, up 6 % compared with 2012. However, cost of goods sold of the company increased by 7 % to reach VND 2.588 billion. Gross profit increased 6% to VND 1.975 billion but gross margin decreased slightly from 43.6% to 43.3% in 2013.

Profit before tax increased by 25% compared with the previous year and reached VND 612 billion exceeding the year target (600 billion) by 2%. The company net profit after tax increased to more than VND 500 billion up 40 % over the previous year. For quarter 4/2013, net profit after tax reached VND 95 billion increased more than twice compared to the same period last year.

As of 31/12/2013, cash and cash equivalents increased more than 2.4 times compare to the beginning of the year and reached VND 1.958 billion. Total assets increased 16 % to VND 6.385 billion.

According to VietStock