Vinda International 1Q 2021 results: Revenue up 30.7 percent From Year Ago

Vinda International Holdings Limited recently announced its unaudited financial information for the three months ended 31 March 2021 (“1Q2021”).Vinda International Holdings Limited recently announced its unaudited financial information for the three months ended 31 March 2021 (“1Q2021”).

Results Highlights:

Total revenue increased by 30.7 percent (23.5 percent at constant exchange rate) to HK$4,470 million (of which HK$3,664 million was from Tissue segment and HK$806 million was from Personal Care segment).
Mainland China revenue increased by 45.9 percent (35.9 percent at constant exchange rate) to HK$3,428 million.
Gross profit rose by 35.6 percent to HK$1,737 million. Gross profit margin increased by 1.4 percentage points (“ppts”) to 38.9 percent which was mainly attributable to rapid growth in premium product sales and continuous effort to optimize its portfolio mix.
Net profit surged by 46.5 percent to HK$553 million. Net profit margin expanded by 1.4 ppts to 12.4 percent.

Karen Li, CEO said, “Despite the operating environment remains uncertain, the group managed to achieve an outstanding growth and significant profit enhancement which were mainly attributable to the improved product mix, better cost efficiency and disciplined pricing management. Looking ahead, Vinda will continue to persist in boosting business growth with appropriate channel mix and endeavour in optimizing product portfolio. We will continue to break new ground through innovation in order to seize opportunities in the future. The group will forge ahead with its new five-year plan and work diligently towards the goal of becoming a leading hygiene company in Asia. We are confident about our business outlook and strive to create long-term return to shareholders.”

Back to Tissue360 Newsletter