Vinda’s net profit surged by 46.5% to HK$553 million in 1Q2021
Rapid growth in premium product sales and 45.9% increase in revenue from mainland China
(23 April 2021 - Hong Kong)Vinda International Holdings Limited(stock code: 3331) announced today its unaudited financial information for the three months ended 31 March 2021 (“1Q2021”).
• Total revenue increased by 30.7% (23.5% 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% (35.9% at constant exchange rate) to HK$3,428 million.
• Gross profit rose by 35.6% to HK$1,737 million. Gross profit margin increased by 1.4 percentage points (“ppts”) to 38.9% 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% to HK$553 million. Net profit margin expanded by 1.4 ppts to 12.4%.
Ms. Karen Li, Chief Executive Officer 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.”
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