Vinacafe Bien Hoa Profit May Beat Forecast by 44pct, Dung Says
19/09/2011 
Vinacafe Bien Hoa Joint-Stock Co., a unit of Vietnam's second-biggest coffee exporter, said full- year net income may exceed its forecast by 44 percent as raw- material costs were less than anticipated. Profit for the year ending December 31 may rise to 200 billion dong ($9.6 million), compared with the previous forecast of 139 billion dong, said deputy general director Le Hung Dung. Net income at the maker of roasted and instant coffee may have reached 140 billion dong in the first eight months, Dung said in an interview yesterday. Vinacafe Bien Hoa, the target of a takeover offer from Masan Group Corp. (MSN), said last month the purchase of raw materials "at a good price" had boosted year-to-date profit. Lower global prices will help the company cut the cost of importing
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