Vietnam Vinamilk Q1 net profit falls 3 pct

HANOI, May 6 (Reuters) - Vinamilk VNM.HM, Vietnam's top dairy firm, said net profit in the first quarter fell 3 percent to 309 billion dong ($19.3 million) despite a 33 percent rise in revenues.

The company did not provide reasons for the fall in earnings from a year earlier.

In the January-March period, revenues reached 1.84 trillion dong ($115 million), compared with 1.38 trillion in the same period last year, the company report seen on Tuesday said.

The Ho Chi Minh City-based firm had recently forecast that its net profit would rise more than 18 percent this year to 1.14 trillion dong.

It also said it expected revenues to jump 23 percent to 8.2 trillion dong.

Vinamilk, the largest company on the Ho Chi Minh City exchange with a capitalisation of $1.49 billion, plans to list nearly 8.8 million shares overseas this year, increasing its registered capital by 5 percent to 1.84 trillion dong.

The company has said it wants to list in Singapore.

Vinamilk shares closed up 1.47 percent at 138,000 dong on Tuesday.

($1=15,985 dong) (Reporting by Nguyen Nhat Lam, Editing by Jacqueline Wong)