Mr. Tran Le Nguyen, CEO of KIDO Group (HOSE: KDC), shared: “Before returning for the 2024 season, we surveyed a lot of opinions from different generations. 50% of them said they loved traditional mooncakes because they reminded them of their roots and the moments of reunion with their families.”
Therefore, KIDO has decided to enter Tho Phat – a well-known bun brand that the corporation has just acquired for more than VND 1,000 billion for 68% of its capital – into this year’s mooncake race. In addition, the company will also continue to promote mooncakes under the brand KIDO’s Bakery.
Kido Chairman shares reasons for choosing essential food industry
Not just stopping at the mooncake market, KIDO also sets an ambitious goal for Tho Phat in the 2024-2028 period. The corporation plans to build a system of 1,000 agents in 63 provinces and develop 50,000 selling points nationwide. Especially, KIDO also aims to develop 12,000 miniBAO stores.
For the year 2024, KIDO sets a revenue plan of VND 13,000 billion, up 50% compared to 2023. Profit before tax is estimated at VND 800 billion, 2.5 times higher than in 2023.
Tracodi (TCD) earns 163 billion VND profit in 2023
Throughout the year 2023, Tracodi achieved a consolidated net revenue of VND 1,784.5 billion and a post-tax profit of VND 163.3 billion.
Building Peace earns over one hundred billion in Q4 2023, breaks four consecutive quarters of losses, HBC stock soars in January 30th session.
As of December 31, 2023, Hòa Bình Construction continues to incur a cumulative loss of nearly 2,900 billion Vietnamese dong.
Novaland reports over VND 1,600 billion in profit for Q4/2023, bond debt reduced by VND 6,000 billion in one year.
In 2023, Novaland achieved a profit of over 800 billion VND, in contrast to the first half of the year when the company incurred a loss of over 1,000 billion VND.
