Confectioner Bibica Corporation (BBC) announced revenues of VND1.17 trillion (US$52.2 million), and pre-tax profits of VND107 billion ($4.7 million) in 2015, which was 40 per cent higher than the previous year. The company reported that its better business results for 2015 were thanks to stronger financial activities, lower cost of management activities and cheaper material for production.
BBC also said that in Q4 it reached revenues of VND463.4 billion ($20.67 million), an increase of 13 per cent over same term last year while the cost of sale only grew 6 per cent.
Thus, the net profit amounted to VND189.3 billion ($8.43 million), resulting in pre-tax profits of VND50.7 billion ($2.26 million), up 70 per cent over last year's Q4.
Based in HCM City, BBC is one of the leading confectionery makers in Viet Nam, with popular brands including Hura, Choco Bella, Orienko, and Zoo, in addition to OneTwoThree.
Its shares ended at VND68,000 ($3) each on the HCM Stock Exchange yesterday