Vietnam Dairy Products JSC (HOSE: VNM)

VNM Income Statement

Financials in millions VND. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Jan 1, 2021	Jan 1, 2020
Revenue	61,924,247	60,368,916	59,956,247	60,919,165	59,636,286	56,318,123
Revenue Growth (YoY)	3.52%	0.69%	-1.58%	2.15%	5.89%	7.15%
Cost of Revenue	36,102,149	35,824,184	36,059,016	34,640,863	31,967,663	29,745,906
Gross Profit	25,822,098	24,544,732	23,897,232	26,278,301	27,668,623	26,572,217
Selling, General & Admin	15,277,767	14,773,712	14,144,058	14,517,983	15,405,648	14,389,757
Operating Expenses	15,277,767	14,773,712	14,144,058	14,517,983	15,405,648	14,389,757
Operating Income	10,544,331	9,771,019	9,753,174	11,760,319	12,262,975	12,182,460
Interest Expense	-309,630	-354,821	-166,881	-89,020	-144,030	-109,034
Interest & Investment Income	1,448,489	1,546,047	1,210,690	1,103,481	1,166,557	724,228
Earnings From Equity Investments	-19,431	-80,631	-24,476	-45,044	3,882	-5,717
Currency Exchange Gain (Loss)	18,426	10,010	-162,372	17,599	11,539	-14,397
Other Non Operating Income (Expenses)	192,659	142,030	-21,775	181,289	-46,994	59,862
EBT Excluding Unusual Items	11,874,844	11,033,653	10,588,359	12,928,623	13,253,930	12,837,402
Gain (Loss) on Sale of Investments	15,757	-111.06	-4,500	-3,555	307,728	920.73
Gain (Loss) on Sale of Assets	-82,251	-65,642	-88,325	-73,581	-43,122	-42,613
Other Unusual Items	-	-	-	70,747	-	-
Pretax Income	11,808,350	10,967,899	10,495,535	12,922,235	13,518,536	12,795,710
Income Tax Expense	2,151,542	1,948,545	1,917,959	2,289,700	2,282,804	2,241,378
Earnings From Continuing Operations	9,656,807	9,019,354	8,577,575	10,632,536	11,235,732	10,554,332
Minority Interest in Earnings	-62,132	-145,542	-61,552	-100,059	-136,795	26,844
Net Income	9,594,675	8,873,812	8,516,024	10,532,477	11,098,937	10,581,176
Preferred Dividends & Other Adjustments	998,594	940,038	924,627	1,092,037	1,131,165	1,042,687
Net Income to Common	8,596,081	7,933,775	7,591,396	9,440,440	9,967,771	9,538,488
Net Income Growth	13.99%	4.20%	-19.15%	-5.10%	4.89%	3.46%
Shares Outstanding (Basic)	2,090	2,090	2,090	2,090	2,090	2,090
Shares Outstanding (Diluted)	2,090	2,090	2,090	2,090	2,090	2,090
Shares Change (YoY)	-	-	0.00%	0.01%	-0.00%	-0.00%
EPS (Basic)	4113.05	3796.15	3632.32	4517.11	4770.06	4564.59
EPS (Diluted)	4113.05	3796.15	3632.32	4517.11	4770.06	4564.59
EPS Growth	14.43%	4.51%	-19.59%	-5.30%	4.50%	3.45%
Free Cash Flow	6,995,513	6,307,786	7,370,359	7,900,948	8,915,352	9,251,679
Free Cash Flow Per Share	3347.21	3018.14	3526.56	3780.48	4266.43	4427.34
Dividend Per Share	2450.000	2350.000	5350.000	3850.000	4100.000	3750.000
Dividend Growth	-36.36%	-56.07%	38.96%	-6.10%	9.33%	7.99%
Gross Margin	41.70%	40.66%	39.86%	43.14%	46.40%	47.18%
Operating Margin	17.03%	16.19%	16.27%	19.30%	20.56%	21.63%
Profit Margin	13.88%	13.14%	12.66%	15.50%	16.71%	16.94%
Free Cash Flow Margin	11.30%	10.45%	12.29%	12.97%	14.95%	16.43%
EBITDA	12,873,201	12,061,398	12,094,164	14,127,197	15,079,991	14,198,484
EBITDA Margin	20.79%	19.98%	20.17%	23.19%	25.29%	25.21%
D&A For EBITDA	2,328,869	2,290,379	2,340,990	2,366,878	2,817,015	2,016,025
EBIT	10,544,331	9,771,019	9,753,174	11,760,319	12,262,975	12,182,460
EBIT Margin	17.03%	16.19%	16.27%	19.30%	20.56%	21.63%
Effective Tax Rate	18.22%	17.77%	18.27%	17.72%	16.89%	17.52%
Revenue as Reported	61,924,247	60,368,916	59,956,247	60,919,165	59,636,286	56,318,123

Source: S&P Capital IQ. Standard template. Financial Sources.