Cholimex chili sauce company earns an average of 7 billion VND per day13/04/2022
Cholimex Food Company last year had a revenue of VND 2,500 billion, an average of nearly 7 billion a day from chili sauce, tomato, fish sauce, soy sauce…
This level of revenue increased by nearly 11% over the same period in 2020 and extended the upward streak for the seventh consecutive year. Accordingly, the domestic market accounts for nearly 73% of the revenue structure, the rest comes from exports.
Before deducting expenses, Cholimex Food made a profit of more than VND 670 billion, equivalent to a gross profit margin of approximately 27%. Profit after tax reached 186 billion dong, increased by 4% compared to the previous year and only exceeded the plan by 1%.
The company’s management said that last year the company had to transform its product structure to convenient, small-sized lines for family customers and open booths on e-commerce platforms to maintain the growth circuit. revenue and profit growth in the context of epidemics and broken supply chains.
This year, Cholimex Food aims to increase revenue by 19% to 3,000 billion dong and profit after tax by 7% to 200 billion dong. Expected dividend payout ratio is not less than 15%.
As of the end of last year, the company is covering about 80,000 retail counters, 4,000 restaurants, fast food chains and 5,000 supermarkets.
Total assets reached more than 1,160 billion VND, an increase of about 10% compared to the beginning of the year. Nearly half of these are cash and bank deposits.