Vikoda AGM: starting with positive signals in 2019

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In 5th April ,2019, Khanh Hoa Mineral Water Joint Stock Company (Vikoda) organized the Annual General Meeting of Shareholders (GMS) in 2019.

At the congress, the Board of Directors and shareholders has been approved the main contents such as the report of the Board of Directors and the Executive Board on business results in 2018 and planning for 2019; reports of the Supervisory Board, audited financial statements in 2018 as well as other issues under the authority of the General Meeting of Shareholders.

Although the year 2018 has benefited from the recovery of the domestic economy, the drinking water industry is still one of the most competitive industries in Vietnam. Besides, unfavorable weather conditions and heavy rains in the central provinces also affected Vikoda’s business in 2018. Recognizing the above situation, Vikoda has been boosted production and business activities in the past year, stabilized the organizational structure, built more warehouses and factories and expanded the distribution system, strengthening research and development of new products to meet the increasingly diverse needs of the market. With the efforts of the company, the business results in 2018 have made progress with a total revenue of 216.8 billion, an increase of 2.5% compared to 211.4 billion in 2017, while the profit before tax 2018 is 0.29 billion, up 107% compared to 2017 of 0.14 billion. Although Vikoda’s 2018 business results are still modest, with the current improvements, it is a sign of Vikoda’s prosperity in 2019 and the following years.

New BOD members and Supervisor at AGM

Therefore, on the basis of considering the annual growth rate of the company and analyzing the development trend and competition in the current drinking and manufacturing industry, in 2019, Vikoda BOD has set revenue target is VND 380 billion and profit before tax is VND 25 billion. With this plan, Vikoda focuses on maintaining and developing the brand, market share in key markets, concentrating mainly in the Central and Highlands, and continuing to build and consolidate product lines. The main capital is the brand of the company Vikoda, Danh Thanh, and invests in developing new product lines, anticipating the market trend.

With the investment and strategic consultation from FIT Group, and especially with the inherent potential of natural mineral water and brands that have been built for 29 years, with the relentless efforts of solidarity, 2019 promises to be a prosperous year in Vikoda’s business activities, helping Vikoda continue to strengthen and expand its brand not only in Vietnam market but also natural mineral water of Vietnam speading to the world.