Vinamilk has released an upbeat forecast for 2007, saying that it expects its net profit to jump 22.7% on 2006’s results to 898 billion dong (US$55.8m).
 
In a statement, the diary group said it is estimating that revenues will rise 11.5% on last year to 7.43 trillion dong.

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The statement also confirmed that shareholders have given a green light to a plan by the company to issue shares equivalent to 5% of its chartered capital and list them on an unspecified overseas exchange.
 
The company said that proceeds from the share issue would be used to expand business at home and abroad.

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