Vinacafe sales up 19% in H1

Its post-tax profits were VND190 billion, up 21%.

Vinacafe instant coffee and Wake-up 247 coffee-flavored energy drinks remained its top products with combined sales of VND800 billion. The rest came from instant cereal.

For the full year, it targets revenues of VND2.5-2.9 trillion and profits of VND500-600 billion.

The management said the company would promote coffee-based beverages and roll out new products to meet "the unmet needs of Vietnamese customers."

Last year, sales and profits were VND2.2 trillion and VND430 billion.

Masan Beverage, a subsidiary of conglomerate Masan Group, owns 98.79 percent of Vinacafe.