Vinda International Holdings Limited announced its unaudited interim results for the six months ended 30 June 2017. For the first half of the year, the Group’s total revenue increased by 11.3% year-on-year to HK$6,308 million ($808 million), with 80% and 20% generated from the Tissue business and the Personal Care business, respectively.
Gross profit rose by 8.7% year-on-year to HK$1,926 million ($247 million). Pulp prices have risen significantly since the 4Q 2016 and started to stabilise in the end of the Period.
EBITDA grew by 7.5% and EBITDA margin stood at 14.2%, reflecting strong cash generation from its business. While operating profit slightly decreased by 1.1% year-on-year to HK$509 million ($65.2 million), operating margin reached 8.1%. Net profit stabilised at HK$321 million ($41.2 million).
Mr. Christoph Michalski, CEO said, “In the first half of 2017, we launched high value-added embossed tissue products, promoted our international personal care brands, increased the penetration of both our online and offline sales channels and enhanced our operational efficiency. We also launched consumer tissue in Malaysia, one of our strongest markets in Southeast Asia.”
Vinda is a major hygiene company in Asia.