Bibica targets VND1.4 trillion in revenues
The Bibica Corporation, a leading confectionery firm in Vietnam, has set targets of VND1.4 trillion (US$61.5 million) in revenues and VND86.6 billion (US$3.8 million) in after-tax profits in 2017.
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The targets were announced at the Bibica Corporation’s shareholders meeting held in HCM City on May 26.
Truong Phu Chien, vice chairman of the board of directors, said that in 2016, the corporation’s sales exceeded VND1.26 trillion (US$52.8 million). Its after-tax profits stood at VND81.2 billion (US$3.6 million).
Currently, Bibica has more than 200 products and 1,200 exclusive distributors, 115,500 retail shops and 500 supermarkets and convenient stores across the country. Its products have been shipped to 15 countries and territories worldwide.
