In 2014, sales of JSC Vietnam Dairy (Vinamilk), just over 98% of the plan that the General Assembly of Shareholders (AGM) approved despite 13% growth compared to 2013. One of the reasons leading to this result is due to milk price since May 6-2014 price caps.
Specifically, from September 6-2014, milk price for children under 6 years subject to price caps have affected revenue and profit profit as well as certain to influence shopping behavior of consumers. Sales of powdered milk under 6 years are deducted from 30 to 33%, and even sold as a loss.
In the Document No. 3160 / CV-CTS.KT / 14 signed on 31-7 on the income statement Consolidated second quarter 2014, Vinamilk has reported further reason is that in the last quarter, the company made by Decision No. 1079 / QD-BTC dated 20-5-2014 issued by the Finance Ministry to impose price ceilings on milk for children under 6 years leading to slower revenue growth than the growth rate of capital cost.
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