LOF International Dairy Joint Stock Company (stock code IDP - UPCoM) has just announced the signing of a comprehensive partnership with GMP Dairy to develop a line of high-quality powdered formula milk for children under the Kun Doctor brand.

With over 20 years of operation, GMP Dairy is among the top pharmaceutical and food companies in New Zealand and has developed numerous high-quality products. The management of LOF International Dairy expects that the collaboration with GMP Dairy's team of experts will help the company develop a premium powdered formula milk line that meets European standards, with its composition adjusted to suit the specific physical constitution of Vietnamese children.

A representative of LOF International Dairy and a representative of GMP Dairy sign the comprehensive cooperation agreement.

LOF International Dairy also stated that the new products under the Kun Doctor brand will use ingredients 100% imported from New Zealand. In addition to its partnership with GMP Dairy, LOF International Dairy is also collaborating on clinical research with the Vietnam Applied Medical Institute to develop a line of liquid formula milk.

In mid-April 2025, LOF International Dairy officially launched its Kun brand products in the Indonesian market, becoming one of the pioneering Vietnamese consumer goods companies in the "land of a thousand islands." The company is also achieving positive results in Cambodia, where it currently ranks among the Top 2 in the dairy industry.

This year, the management of LOF International Dairy has set a "cautious" business plan with a revenue target of VND 8,400 - 8,800 billion, corresponding to a growth of 10% - 14% compared to 2024's performance. However, the net profit after tax is projected to be only VND 360 - 440 billion, a decrease of 50% - 59% compared to last year.

See more: "LOF International Dairy (IDP) spends over a hundred billion dong to 'acquire' a dairy farming enterprise" on the Industry and Trade Magazine here.

At the end of Q1/2025, LOF International Dairy recorded revenue of VND 1,831 billion, an increase of 15.6% over the same period last year. However, its net profit after tax decreased by 52.1% to VND 107 billion. With these results, the company has completed nearly 30% of its minimum profit target and over 24% of its maximum profit target for the year.

LOF International Dairy is currently focusing its resources on implementing the LOF Binh Duong Dairy Factory project, with a total investment of VND 6,500 billion. The company expects Phase 1 of the factory to begin operations in the coming months with a designed capacity of 250,000 tons of dairy and dairy-processed products per year, and 50,000 tons of non-alcoholic beverages and mineral water (non-carbonated) per year.

LOF International Dairy currently aims to double its sales within the next five years and to enhance its penetration into the ASEAN market. In the long term, the dairy company has the ambition to become a billion-dollar enterprise and join the ranks of the largest food and beverage (F&B) companies in ASEAN.

Source: tapchicongthuong.vn